Oil's Rollercoaster Ride: Why We Can't Shake the Price Volatility The recent dip in oil prices has been met with a mix of relief and skepticism from market observers. On July 13, 2026, Brent crude oil closed at $78.
31 per barrel, down $1. 08 from the previous day's close. Oil price volatility is an inherent feature of the global energy market.
One key factor contributing to this unpredictability is the delicate balance between supply and demand.