Global crude oil benchmarks closed July with their most significant monthly rally since March, reversing a three-month losing streak.
Brent crude surged 24% over the month, while West Texas Intermediate (WTI) posted similar double-digit gains.
24% year-to-date. The price surge reflects mounting concerns over global crude flows, driven by persistent supply risks.
The Mexican Isthmus crude mix also climbed sharply, rising 50.24% year-to-date.
The price surge reflects mounting concerns over global crude flows, driven by persistent supply risks.
Escalating military tensions between the United States and other key players have kept shipping routes exposed, adding a premium to energy prices.
Traders are pricing in the potential for further disruptions to global supply chains.