Will Brent crude settle above $85/bbl by July 31, 2026?
Brent end-of-month price target for July 2026. Currently $79.50. OPEC+ extension announced July 2 will anchor upside. U.S. summer driving season demand offsets macro headwinds (sticky rates, dollar strength, China GDP concerns).
Who has the nerve to put it on record?
Make the call, argue the edge, come back for the receipt.
Put your take on record
At or below $85/bbl is ahead at 52%, but the swing is still live. Best counterargument gets interesting here.
Proof check: this room resolves on 31 Jul 2026. If your take depends on a different source, post it before close.
The background
Brent traded $75–82 range in June. OPEC+ discipline and Middle East geopolitical premium (Red Sea shipping, Iran tensions) provide structural support. Refiner input cost pressure limits rally above $88.
- June 26 price
- $79.50/bbl
- OPEC+ meeting
- 2 July 2026
- Refiner margin floor
- $8–10/bbl
How this resolves
Brent Crude Oil (ICE) settlement price on 31 July 2026. YES if closing price > $85.00/bbl; NO if ≤ $85.00/bbl. Source: Bloomberg Terminal or ICE Futures official closing data.
Source: Bloomberg, ICE Futures