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Brent Crude holds above $82 as OPEC+ maintains production discipline EIA reports US crude inventories draw of 3.2M barrels Permian Basin operators report record Q2 output exceeding 6.2M bpd Brent Crude holds above $82 as OPEC+ maintains production discipline EIA reports US crude inventories draw of 3.2M barrels Permian Basin operators report record Q2 output exceeding 6.2M bpd

Markets

Oil Drops Amid Mixed Supply Signals

Rigzone Latest | July 30, 2026 · 1 min read

Oil prices fell as increased shipping through the Strait of Hormuz offset escalating geopolitical tensions.

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