Oil Prices are Nearing $100 a Barrel Again. It's Becoming a Problem.

Dow Jones07-23 20:20

For a brief time earlier this year oil prices dictated the stock market and broader market sentiment. After weeks in the wilderness, energy markets could be about to play that role again -- and it's not good news.

The price of oil approached $100 a barrel on Thursday as US strikes on Iran continued, raising fears of further supply constraints.

Brent crude futures, the international benchmark, traded as high as $99.08 a barrel early in the day and was last up around 5% at just below $99 a barrel. Continuous-contract futures for the West Texas Intermediate crude benchmark jumped more than 4% to above $90 a barrel.

U.S. strikes on Iran have continued for yet another day, with Iran also striking back, hindering oil shipping traffic through the Strait of Hormuz. The Tehran-back Houthi group also claimed two attacks on Saudi tankers in the Red Sea.

The U.S. on Wednesday accused Iran of "not being serious" about peace talks.

Higher crude prices have buoyed U.S. oil stocks. ExxonMobil stock was 1.8% higher in the U.S. premarket, with shares in Chevron climbing 1.6%. But the rest of the market was struggling, with S&P 500 futures down 0.6% ahead of the open.

Ignore the oil market at your peril.

Write to Jack Denton at jack.denton@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

July 23, 2026 08:20 ET (12:20 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2653740603?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-23 20:20","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2653740603","market":"us","top_or_hot":-1,"title":"Oil Prices are Nearing $100 a Barrel Again. It's Becoming a Problem.","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  For a brief time earlier this year oil prices dictated the stock market and broader market sentiment. After weeks in the wilderness, energy markets could be about to play that role again -- and it's not good news. \n</p>\n<p>\n  The price of oil approached $100 a barrel on Thursday as US strikes on Iran continued, raising fears of further supply constraints. \n</p>\n<p>\n  Brent crude futures, the international benchmark, traded as high as $99.08 a barrel early in the day and was last up around 5% at just below $99 a barrel. Continuous-contract futures for the West Texas Intermediate crude benchmark jumped more than 4% to above $90 a barrel. \n</p>\n<p>\n  U.S. strikes on Iran have continued for yet another day, with Iran also striking back, hindering oil shipping traffic through the Strait of Hormuz. The Tehran-back Houthi group also claimed two attacks on Saudi tankers in the Red Sea. \n</p>\n<p>\n  The U.S. on Wednesday accused Iran of \"not being serious\" about peace talks. \n</p>\n<p>\n  Higher crude prices have buoyed U.S. oil stocks. ExxonMobil stock was 1.8% higher in the U.S. premarket, with shares in Chevron climbing 1.6%. But the rest of the market was struggling, with S&amp;P 500 futures down 0.6% ahead of the open. \n</p>\n<p>\n  Ignore the oil market at your peril. \n</p>\n<p>\n  Write to Jack Denton at jack.denton@barrons.com \n</p>\n<p>\n   This content was created by Barron's, which is operated by Dow Jones &amp; Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 23, 2026 08:20 ET (12:20 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oil Prices are Nearing $100 a Barrel Again. It's Becoming a Problem.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOil Prices are Nearing $100 a Barrel Again. It's Becoming a Problem.\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-07-23 20:20</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  For a brief time earlier this year oil prices dictated the stock market and broader market sentiment. After weeks in the wilderness, energy markets could be about to play that role again -- and it's not good news. \n</p>\n<p>\n  The price of oil approached $100 a barrel on Thursday as US strikes on Iran continued, raising fears of further supply constraints. \n</p>\n<p>\n  Brent crude futures, the international benchmark, traded as high as $99.08 a barrel early in the day and was last up around 5% at just below $99 a barrel. Continuous-contract futures for the West Texas Intermediate crude benchmark jumped more than 4% to above $90 a barrel. \n</p>\n<p>\n  U.S. strikes on Iran have continued for yet another day, with Iran also striking back, hindering oil shipping traffic through the Strait of Hormuz. The Tehran-back Houthi group also claimed two attacks on Saudi tankers in the Red Sea. \n</p>\n<p>\n  The U.S. on Wednesday accused Iran of \"not being serious\" about peace talks. \n</p>\n<p>\n  Higher crude prices have buoyed U.S. oil stocks. ExxonMobil stock was 1.8% higher in the U.S. premarket, with shares in Chevron climbing 1.6%. But the rest of the market was struggling, with S&amp;P 500 futures down 0.6% ahead of the open. \n</p>\n<p>\n  Ignore the oil market at your peril. \n</p>\n<p>\n  Write to Jack Denton at jack.denton@barrons.com \n</p>\n<p>\n   This content was created by Barron's, which is operated by Dow Jones &amp; Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 23, 2026 08:20 ET (12:20 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"OILT","symbol_name":"Texas Oil Index ETF","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2653740603","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2653740603","pubTimestamp":1784809200,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"For a brief time earlier this year oil prices dictated the stock market and broader market sentiment. After weeks in the wilderness, energy markets could be about to play that role again -- and it's n","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"OILT":"Texas Oil Index ETF","XOMX":"2倍做多XOM ETF-Direxion","IGE":"北美自然资源ETF-iShares","LU1032466523.USD":"高盛全球多资产收益组合Acc","WTIU":"MICROSECTORS ENERGY 3X LEVERAGED ETN","DRLL":"Strive U.S. Energy ETF","XLE":"SPDR能源指数ETF","OILU":"MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN","XOMZ":"1倍做空XOM ETF-Direxion","BNO":"美国布伦特原油基金有限合伙企业","ERX":"二倍做多能源ETF-Direxion","SCO":"二倍做空彭博原油指数ETF","LU2129689431.USD":"FRANKLIN GLOBAL INCOME \"A\" (USD) ACC","GUSH":"Direxion Daily S&P Oil &Gas Exp. & Prod. Bull 2X Shares","BWET":"BREAKWAVE TANKER SHIPPING ETF","CVX":"雪佛龙","DBO":"原油ETF-PowerShares","XOM":"埃克森美孚","XOP":"油气开采指数ETF-SPDR S&P","DBC":"商品指数ETF-PowerShares DB","TEXU":"Direxion Daily Energy Top 5 Bull 2X ETF","DBE":"能源商品ETF-PowerShares","PXE":"Invesco Energy Exploration & Production ETF","TRUN":"VanEck Energy TruSector ETF","UCO":"二倍做多彭博原油ETF","LU0630314457.HKD":"NINETY ONE GSF GLOBAL NATURAL RESOURCES \"A\" (HKD) ACC","IEO":"iShares Dow Jones U.S. Oil & Gas","IXC":"全球能源业ETF-iShares","UGA":"United States Gasoline Fund LP","LU1069347547.HKD":"AB SICAV I - GLOBAL VALUE PORTFOLIO \"AD\" (HKD) INC","DUG":"二倍做空石油与天然气ETF(ProShares)","OIH":"石油服务ETF","WEEI":"Westwood Salient Enhanced Energy Income ETF","FBZ":"First Trust Brazil AlphaDEX Fund","GXPE":"Global X PureCap MSCI Energy ETF","VDE":"Vanguard Energy ETF","FENY":"Fidelity MSCI Energy Index ETF","USO":"美国原油ETF","PXJ":"Invesco Oil & Gas Services ETF","DRIP":"Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares","FTXN":"First Trust Nasdaq Oil & Gas ETF","USE":"USCF Energy Commodity Strategy Absolute Return Fund","USL":"United States 12 Month Oil Fund LP","XES":"SPDR S&P Oil & Gas Equipment & Services ETF","USOI":"ETRACS Crude Oil Shares Covered Call ETN","LU2133065610.SGD":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","IYE":"iShares U.S. Energy ETF","XOMO":"XOM期权收益策略ETF-Yieldmax","OILK":"ProShares K-1 Free Crude Oil ETF","DIG":"二倍做多美国油气指数"},"translate_title":"油价再次接近每桶100美元。这正在成为一个问题。","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UCO":0.6,"USL":0.72,"IGE":0.6,"DBE":0.72,"DRLL":0.72,"OIH":0.72,"VDE":0.72,"XOM":0.9,"BNO":0.72,"USO":0.72,"IEO":0.72,"UGA":0.72,"XLE":0.72,"PXE":0.72,"OILT":0.72,"XES":0.72,"FTXN":0.72,"USOI":0.72,"DBC":0.72,"GUSH":0.72,"IXC":0.72,"XOP":0.72,"OILU":0.72,"TEXU":0.6,"DUG":0.72,"USE":0.72,"PXJ":0.72,"GXPE":0.6,"WEEI":0.6,"DBO":0.72,"DRIP":0.72,"XOMX":0.6,"FBZ":0.72,"IYE":0.6,"XOMO":0.6,"WTIU":0.72,"FENY":0.6,"XOMZ":0.6,"SCO":0.6,"TRUN":0.6,"OILK":0.72,"DIG":0.72,"CVX":0.9,"BWET":0.72,"ERX":0.72},"content_text":"For a brief time earlier this year oil prices dictated the stock market and broader market sentiment. After weeks in the wilderness, energy markets could be about to play that role again -- and it's not good news. \n\n\n  The price of oil approached $100 a barrel on Thursday as US strikes on Iran continued, raising fears of further supply constraints. \n\n\n  Brent crude futures, the international benchmark, traded as high as $99.08 a barrel early in the day and was last up around 5% at just below $99 a barrel. Continuous-contract futures for the West Texas Intermediate crude benchmark jumped more than 4% to above $90 a barrel. \n\n\n  U.S. strikes on Iran have continued for yet another day, with Iran also striking back, hindering oil shipping traffic through the Strait of Hormuz. The Tehran-back Houthi group also claimed two attacks on Saudi tankers in the Red Sea. \n\n\n  The U.S. on Wednesday accused Iran of \"not being serious\" about peace talks. \n\n\n  Higher crude prices have buoyed U.S. oil stocks. ExxonMobil stock was 1.8% higher in the U.S. premarket, with shares in Chevron climbing 1.6%. But the rest of the market was struggling, with S&P 500 futures down 0.6% ahead of the open. \n\n\n  Ignore the oil market at your peril. \n\n\n  Write to Jack Denton at jack.denton@barrons.com \n\n\n   This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 23, 2026 08:20 ET (12:20 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.46.0","shortVersion":"4.46.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2653740603","isCrawlerRequest":true}