Battalion Oil Corp. shares rose over 3% in premarket trading on Wednesday, July 22, 2026. The movement mirrored a broader rally among oil companies and related exchange-traded funds.
Escalating geopolitical tensions in the Middle East drove a sharp rise in crude oil prices. Brent crude futures for September delivery climbed more than 3.5%. Brent reached a price of $94.25 per barrel.
WTI crude futures for September delivery gained nearly 4%. WTI reached $87.54 per barrel.