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Why Is WTI Crude Oil Price Up 6.56% Today, July 29? Middle East Risk Premium and EIA Inventory Draw Lift Crude
WTI crude oil futures rose 6.56% to USD 84.46 per barrel on July 29, 2026 as renewed Middle East supply-risk concerns coincided with a large reported U.S. crude inventory draw. Read the daily analysis of WTI crude oil's supply-risk outlook, momentum risk and key technical levels.