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Line chart showing WTI crude oil's daily closing price falling sharply on July 24, 2026.

The drop came even as a third oil chokepoint disruption opened overnight in Kazakhstan, on reports that Pakistan and China are working to revive US-Iran talks, a diplomatic signal that outweighed the fresh supply risk. The pullback erased nearly all of Thursday's spike, pushing WTI to its lowest close since July 20 despite a rising count of Gulf and Red Sea disruptions. Notably, the ten-year Treasury yield did not move off Thursday's cycle high, a gap between oil and bond markets that carries into next week's Federal Reserve decision.

This chart is presented for general informational purposes only and does not constitute financial, investment, tax, or legal advice. Figures reflect the source and period indicated and may no longer be current.

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Charts and data on this site are provided for general informational and educational purposes only and do not constitute financial, investment, tax, or legal advice. Each chart reflects the source and period indicated on it and may not represent current market conditions.

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