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Commodities

Brent Crude Surges Past $89 as Stocks Turn Mixed Ahead of Key Inflation Data

Guavy AI Editorial Team
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Oil
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Oil prices climbed higher on August 11, 2026, as Brent crude reached $89.56 a barrel, up 2.1% from the previous day.

The increase in oil prices came despite a decline in stocks, with the Dow falling by 184.13 points due to weakness in Big Tech names.

The July CPI data, set to be released on August 12, is forecasted at 3.4% year-over-year, which could impact market sentiment and influence investment decisions.

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