Actual
109.880
Daily Change
0.33 0.30%
Monthly
9.51%
Yearly
79.19%
Q4 Forecast
113.861
Brent oil - Summary

Brent prices steadied above $109 per barrel on Tuesday, holding recent gains as investors weighed escalating conflicts in the Middle East and Eastern Europe against signs of robust energy flows from the Persian Gulf. US Energy Secretary Chris Wright said Persian Gulf oil shipments had recovered to about 80% of pre-war levels, although refined-product deliveries remained limited. The Trump administration is also authorizing the sale of sanctioned oil tankers to enable them to transport crude legally, with the global “dark fleet” estimated at around 1,600 vessels. Meanwhile, Iran continued to assert control over the Strait of Hormuz, with maritime authorities reporting multiple attacks on commercial ships. Saudi Arabia and Iran-backed Houthi militants in Yemen also traded strikes, while Russia and Ukraine resumed attacks on energy infrastructure.

Brent oil - Stats

Brent rose to 110.02 USD/Bbl on October 20, 2026, up 0.43% from the previous day. Over the past month, Brent's price has risen 9.65%, and is up 79.42% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Brent oil reached an all time high of 147.50 in July of 2008. Brent oil - data, forecasts, historical chart - was last updated on October 20 of 2026.

Brent oil - Forecast

Brent rose to 110.02 USD/Bbl on October 20, 2026, up 0.43% from the previous day. Over the past month, Brent's price has risen 9.65%, and is up 79.42% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Brent oil is expected to trade at 113.86 USD/BBL by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 130.36 in 12 months time.



Price Day Month Year Date
Crude Oil 98.76 0.217 0.22% 6.91% 72.53% Oct/20
Brent 109.88 0.330 0.30% 9.51% 79.19% Oct/20
Natural gas 3.03 -0.0237 -0.78% 6.99% -12.66% Oct/20
Gasoline 3.20 0.0113 0.35% -7.70% 75.19% Oct/20
Heating Oil 4.95 0.0283 0.58% 1.20% 124.34% Oct/20
Coal 150.70 0.30 0.20% 4.62% 44.90% Oct/19
Ethanol 1.92 -0.0250 -1.29% -12.56% 9.27% Oct/19
Naphtha 912.78 34.87 3.97% 8.95% 76.85% Oct/16
Propane 1.12 0.05 4.39% 32.16% 74.28% Oct/16
Uranium 90.10 0.1000 0.11% 0.45% 15.51% Oct/16
Methanol 3,380.00 26.00 0.78% -3.10% 50.89% Oct/19
Urals Oil 111.06 -3.24 -2.83% -2.07% 102.81% Oct/16


Brent oil
Brent crude oil is one of the principal benchmark prices for oil traded globally. Originating from the North Sea, Brent serves as a key pricing reference for crude oil produced in Europe, Africa, and the Middle East, particularly for supplies moving westward. Due to its broad use in international trade, Brent is widely regarded as a global benchmark for oil pricing. Brent crude is typically classified as light and sweet, meaning it has relatively low density and sulfur content, making it easier to refine into products such as gasoline and diesel. Brent prices displayed on Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments and are intended to provide a general market reference only. These prices do not represent official Brent crude benchmarks. The data is supplied by a third party and, while efforts are made to ensure its reliability, Trading Economics does not verify the data and makes no representations or warranties.
Actual Previous Highest Lowest Dates Unit Frequency
110.02 109.55 147.50 2.23 1970 - 2026 USD/BBL Daily

News Stream
Brent Steadies as Traders Monitor Mideast Flows
Brent prices steadied above $109 per barrel on Tuesday, holding recent gains as investors weighed escalating conflicts in the Middle East and Eastern Europe against signs of robust energy flows from the Persian Gulf. US Energy Secretary Chris Wright said Persian Gulf oil shipments had recovered to about 80% of pre-war levels, although refined-product deliveries remained limited. The Trump administration is also authorizing the sale of sanctioned oil tankers to enable them to transport crude legally, with the global “dark fleet” estimated at around 1,600 vessels. Meanwhile, Iran continued to assert control over the Strait of Hormuz, with maritime authorities reporting multiple attacks on commercial ships. Saudi Arabia and Iran-backed Houthi militants in Yemen also traded strikes, while Russia and Ukraine resumed attacks on energy infrastructure.
2026-10-19
Brent Tops $104 on Supply Concerns
Brent crude prices rose above $109 a barrel on Monday, reaching a more than one-month high after surging 5% last week, as renewed tensions in the Middle East heightened concerns over supply disruptions. A senior Iranian security official warned on Sunday that Tehran had prepared a new response plan in the event of renewed US-Israeli attacks, while maritime authorities reported several separate attacks on commercial vessels around the Arabian Peninsula. Meanwhile, Saudi Arabia intercepted several missiles over the Red Sea on Friday, including one headed toward the Yanbu oil export terminal. Iran-allied Houthi militants in Yemen also launched repeated attacks on Saudi Arabia last week. The seven-day moving average of oil flows through the Strait of Hormuz fell to just 8.5 million barrels per day, down from an estimated 20 million barrels per day the previous week.
2026-10-19
Brent Crude Eases from 5-Month High
Brent crude fell 1.5% towards $108 a barrel on Monday, as traders took profits following a 5% rally last week that pushed prices to a five-month high. The market remains caught between escalating geopolitical risks and signs of recovering oil flows from the Middle East. Recent incidents include a Saudi helicopter crash near the Yemen border, Houthi attacks targeting the key export hub of Yanbu, and reports of two tankers being struck in the Persian Gulf. However, US Energy Secretary Chris Wright said regional oil flows had recovered to around 80% of pre-conflict levels. Meanwhile, President Donald Trump said Washington agreed to a diesel export deal with Russia and waived sanctions and tariffs on its energy shipments. Still, US lawmakers are seeking to block the purchases.
2026-10-19