World Oil Price per Barrel Today, Saturday 11 July 2026

Jakarta, Pintu News – The world oil price per barrel today, Saturday 11 July 2026, saw Brent Crude at US$76,01 per barrel, down slightly from the previous close of US$76,30, while WTI (West Texas Intermediate) was around US$74,69 per barrel at the opening price.

Brent has held above the US$76 level and is expected to post a weekly gain of nearly 6 percent, as renewed US-Iran strikes delay the full recovery of tanker traffic through the Strait of Hormuz.

World Oil Price Today, 11 July 2026

Here is the world oil price per barrel based on the latest international market data, as of Saturday 11 July 2026 (exchange rate US$1 = Rp18.070):

*Price data as of Saturday, 11 July 2026, is the latest market data available at the time this article was written, cited from various market sources and cross-checked with Trading Economics data.

Factors Affecting World Oil Prices This Week

Recent movements in world oil prices have once again been influenced by the escalation of geopolitical conflict in the Middle East. After easing and approaching pre-conflict levels in late June, oil prices strengthened again after renewed US-Iran strikes held back the full recovery of tanker traffic through the Strait of Hormuz. This has caused Brent to post a weekly gain of nearly 6 percent.

• Middle East geopolitical tensions: renewed US-Iran strikes have again triggered concerns over supply disruptions through the Strait of Hormuz, holding back the full recovery of tanker traffic.
• OPEC+ production policy: signals of a production quota increase briefly pressured prices before tensions flared up again.
• US crude oil inventories: changes in crude oil and Cushing inventory data affect short-term supply expectations.
• Strengthening or weakening of the US dollar: affects the purchasing power of oil-importing countries using other currencies.

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*Disclaimer:

This content is intended to enrich readers’ information. Pintu gathers this information from various relevant sources and is not influenced by outside parties. As a note, an asset’s past performance does not determine future performance projections. Buying and selling crypto carries high risk and volatility, always do your own research and use idle funds before investing. All activities of buying and selling Bitcoin and investing in other crypto assets are the reader’s own responsibility.

Reference: Brent Crude and WTI Crude Oil market data as of Saturday 11 July 2026, cited from various market sources and cross-checked with Trading Economics (id.tradingeconomics.com/commodity/crude-oil), accessed Saturday 11 July 2026.