Brent oil prices opened the week more than 1.5% higher, rising to almost $82 per barrel as investors grew again skeptical about the ability of the US and Iran to sign a lasting peace deal in the Middle East. Although the two countries resumed talks in Switzerland, last week's memorandum of understanding appears to have broken down. Iran said the US had failed to secure a ceasefire in Lebanon and announced it had again halted traffic through the strait. Tehran also said Sunday's talks would exclude substantive issues such as its nuclear programme. Meanwhile, President Trump warned of renewed US strikes unless Iran curbs its proxies in Lebanon. He also threatened tolls in the absence of a deal and warned Tehran against closing the Strait of Hormuz.

Brent rose to 81.42 USD/Bbl on June 21, 2026, up 1.03% from the previous day. Over the past month, Brent's price has fallen 21.37%, but it is still 13.90% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Brent crude oil reached an all time high of 147.50 in July of 2008. Brent crude oil - data, forecasts, historical chart - was last updated on June 21 of 2026.

Brent rose to 81.42 USD/Bbl on June 21, 2026, up 1.03% from the previous day. Over the past month, Brent's price has fallen 21.37%, but it is still 13.90% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Brent crude oil is expected to trade at 80.93 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 93.63 in 12 months time.



Price Day Month Year Date
Crude Oil 78.13 0.732 0.96% -19.12% 14.04% Jun/21
Brent 81.30 0.739 0.93% -21.48% 13.74% Jun/21
Natural gas 3.28 -0.0361 -1.12% 8.52% -13.95% Jun/21
Gasoline 3.03 0.0072 0.24% -12.24% 40.35% Jun/21
Heating Oil 3.22 0.0664 2.12% -17.25% 41.12% Jun/21
Coal 144.00 0 0% 8.72% 35.08% Jun/19
Ethanol 1.86 0.0250 1.36% -7.00% 14.11% Jun/18
Naphtha 692.24 0.36 0.05% -23.75% 20.00% Jun/18
Propane 0.73 -0.003 -0.40% -16.73% -6.76% Jun/18
Uranium 86.10 0.5500 0.64% 1.35% 13.44% Jun/18
Methanol 2,770.00 -107.00 -3.72% -2.81% 7.66% Jun/18
Urals Oil 61.19 -3.35 -5.19% -39.61% -17.92% Jun/18


Brent crude 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
81.42 80.59 147.50 2.23 1970 - 2026 USD/BBL Daily

News Stream
Brent Inches Higher for 4th Session
Brent oil prices opened the week more than 1.5% higher, rising to almost $82 per barrel as investors grew again skeptical about the ability of the US and Iran to sign a lasting peace deal in the Middle East. Although the two countries resumed talks in Switzerland, last week's memorandum of understanding appears to have broken down. Iran said the US had failed to secure a ceasefire in Lebanon and announced it had again halted traffic through the strait. Tehran also said Sunday's talks would exclude substantive issues such as its nuclear programme. Meanwhile, President Trump warned of renewed US strikes unless Iran curbs its proxies in Lebanon. He also threatened tolls in the absence of a deal and warned Tehran against closing the Strait of Hormuz.
2026-06-21
Brent Holds Near $80, Set for Weekly Loss
Brent crude oil prices were near $80 per barrel on Friday and were heading toward a weekly decline of roughly 8% after Israel and Hezbollah reached a ceasefire agreement set to begin on Friday. The truce, if maintained, could remove a major obstacle to broader peace efforts between the US and Iran. Meanwhile, Tehran said vessels passing through the Strait of Hormuz would require mandatory insurance policies, which are currently free but could incur charges later, reinforcing its claims over the strategic waterway. Market data suggested shipping activity slowed after an earlier surge in tanker movements, with no outbound vessels seen leaving the Persian Gulf on Friday morning. In contrast, nearly 10 million barrels of crude were observed transiting or positioned near the strait on Thursday, including the first Saudi-owned tankers to move since the conflict began more than three months ago. Uncertainty continues after planned US-Iran talks in Switzerland were canceled.
2026-06-19
Brent Holds Near $80, Set for Weekly Loss
Brent crude oil steadied near $80 per barrel on Friday as trading remained volatile amid shifting flows through the Strait of Hormuz and renewed uncertainty over US-Iran negotiations on a longer-term peace agreement. Market data suggested shipping activity slowed after an earlier surge in tanker movements, with no outbound vessels seen leaving the Persian Gulf on Friday morning. In contrast, nearly 10 million barrels of crude were observed transiting or positioned near the strait on Thursday, including the first Saudi-owned tankers to move since the conflict began more than three months ago. However, optimism from an interim US-Iran accord was tempered after planned talks in Switzerland were delayed, raising doubts over the durability of any supply recovery. Despite recent stabilization, crude was on track for a weekly decline of around 8.5%, erasing most of the gains accumulated during the height of the conflict.
2026-06-19