Crude Oil Price Forecast July 2026: Brent and WTI Market Analysis Highlights US Economic Resilience and Inflationary Pressures

A recent analysis indicates that the U.S. economy has demonstrated notable resilience throughout 2026, with the ISM Manufacturing PMI registering 53.3% in June, signaling continued expansion in manufacturing activity. However, the report also points to persistent inflationary pressures, as the Prices Index remained elevated at 73%, a factor that could influence future Federal Reserve policy decisions. The analysis further delves into OPEC+ strategy, production decisions, and geopolitical risks impacting global oil prices.