Crude oil futures settle at $84.91

Crude oil futures settled higher at $84.91, up $1.68 or 2.02%, extending a strong multi-session rally. Prices have risen in six of the last seven trading days and are up 25.48% from the July 2 cycle low of $67.04. The move reflects sustained bullish momentum in the oil market, likely keeping pressure on fuel prices as well; AAA’s national average gasoline price is now $4.02 after touching a low of $3.78 on July 7. The article highlights that energy markets remain elevated amid recent geopolitical tension, with crude’s strength potentially supporting inflation-sensitive sectors and broader commodity price expectations.