Brent & WTI Weekly Outlook (July 27–31, 2026)Crude Oil Brent CashBLACKBULL:BRENTYES_GroupBrent & WTI prices remain supported by expectations of tight global supply, ongoing monitoring of OPEC+ production policy, and geopolitical risks that could disrupt global oil supplies. Meanwhile, the U.S. Dollar Index (DXY) continues to hold above the 101 level, while markets are closely watching the upcoming FOMC meeting, Q2 GDP (Advance Estimate), Core PCE Price Index, and Nonfarm Payrolls (NFP). These key events are expected to influence both the outlook for global energy demand and the Federal Reserve's interest rate path. Weekly Outlook Sideways to Slightly Bullish. Both WTI and Brent continue to trade above their uptrend lines, maintaining a constructive bullish structure. As long as prices hold above key support levels, another test of resistance remains likely. Any escalation in Middle East tensions or supply disruptions could provide additional upside momentum. However, a stronger U.S. dollar following better-than-expected U.S. economic data may limit further gains in the short term. Brent Bullish Scenario: $95.50–$98.00 Brent Bearish Scenario: $84.00–$81.50 WTI Bullish Scenario: $92.00–$94.90 WTI Bearish Scenario: $78.00–$76.00