Brent crude oil price will cross the $100 per barrel mark at least once by December 31, 2026.

As of July 28, 2026, Brent crude oil is trading at $89.08 per barrel. According to reports, OPEC+ is preparing to pause its gradual production increases after September 2026, following a steady boost in joint output due to severe supply shortages. This pause could impact global oil prices.