Oil heads for weekly gains of 6% despite early dip

Brent crude is on course for a 6% weekly gain even as prices slipped slightly in early Friday trading.

July 10, 2026

Cargo ships and oil tankers on the Bosporus strait, capturing global trade and maritime logistics at sunset.

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Oil prices are on track for weekly gains of around 6% for Brent and 5% for WTI, despite slipping slightly in early Friday trading. Brent was last at $76.24 a barrel, with WTI at $72.04.

Key points

Brent crude down 0.08% to $76.24 a barrel in early trade
WTI slips 0.06% to $72.04 per barrel
Brent on course for 6% weekly gain, WTI up 5%

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Oil prices are tracking toward their best weekly performance in some time, with Brent crude set to close the week around 6% higher despite a modest retreat in early trading on Friday.

Brent futures fell six cents, or 0.08%, to $76.24 a barrel in early deals. US West Texas Intermediate shed four cents, or 0.06%, to $72.04 a barrel.

On a weekly basis, Brent is heading for a gain of 6%, while WTI is up around 5%.