Brent crude oil futures slipped to $68.9 per barrel on Tuesday but held onto most of Monday's gains amid lingering tensions between the US and Iran despite signs of progress in recent talks. On Monday, the US issued a warning to all American-flagged ships to avoid Iranian waters while transiting the Strait of Hormuz. The advisory came even as negotiations between the two nations are set to continue following what they described as positive talks in Oman last Friday. However, uncertainty remains over a potential breakthrough, as Iran continues to insist on maintaining uranium enrichment, a key sticking point for the US. Investors are also monitoring developments on India’s purchases of Russian crude, after the latest US trade deal with India was linked to a freeze on Russian oil imports. India is one of the largest buyers of Russian crude and any halt in purchases could significantly support oil prices.

Brent fell to 68.95 USD/Bbl on February 10, 2026, down 0.14% from the previous day. Over the past month, Brent's price has risen 7.95%, but it is still 10.46% lower 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 February 10 of 2026.

Brent fell to 68.95 USD/Bbl on February 10, 2026, down 0.14% from the previous day. Over the past month, Brent's price has risen 7.95%, but it is still 10.46% lower 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 69.01 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 74.97 in 12 months time.



Price Day Month Year Date
Crude Oil 64.22 -0.140 -0.22% 7.93% -12.41% Feb/10
Brent 68.95 -0.094 -0.14% 7.95% -10.46% Feb/10
Natural gas 3.11 -0.0288 -0.92% -8.79% -11.65% Feb/10
Gasoline 1.98 -0.0052 -0.26% 9.90% -7.77% Feb/10
Heating Oil 2.41 -0.0078 -0.32% 11.82% -4.13% Feb/10
Coal 115.75 0.15 0.13% 8.08% 9.56% Feb/09
Ethanol 1.65 0.0100 0.61% 5.77% -6.78% Feb/09
Naphtha 550.13 2.65 0.48% 12.33% -15.46% Feb/06
Propane 0.65 0.001 0.13% 4.61% -29.27% Feb/06
Uranium 86.25 1.0000 1.17% 4.10% 26.10% Feb/09
Methanol 2,233.00 13.00 0.59% 0.36% -15.29% Feb/09
Urals Oil 56.37 1.74 3.19% 11.85% -17.28% Feb/06


Brent crude oil
Brent Crude oil is a major benchmark price for purchases of oil worldwide. While Brent Crude oil is sourced from the North Sea the oil production coming from Europe, Africa and the Middle East flowing West tends to be priced relative to this oil. The Brent prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.
Actual Previous Highest Lowest Dates Unit Frequency
68.95 69.04 147.50 2.23 1970 - 2026 USD/BBL Daily

News Stream
Brent Holds Advance
Brent crude oil futures slipped to $68.9 per barrel on Tuesday but held onto most of Monday's gains amid lingering tensions between the US and Iran despite signs of progress in recent talks. On Monday, the US issued a warning to all American-flagged ships to avoid Iranian waters while transiting the Strait of Hormuz. The advisory came even as negotiations between the two nations are set to continue following what they described as positive talks in Oman last Friday. However, uncertainty remains over a potential breakthrough, as Iran continues to insist on maintaining uranium enrichment, a key sticking point for the US. Investors are also monitoring developments on India’s purchases of Russian crude, after the latest US trade deal with India was linked to a freeze on Russian oil imports. India is one of the largest buyers of Russian crude and any halt in purchases could significantly support oil prices.
2026-02-10
Oil Erases Early Losses
Brent crude oil futures rose above $68 per barrel on Monday as markets continued to gauge their appropriate risk premium. US President Trump struck a degree of optimism over the negotiations with Iran regarding a potential deal on defusing Iran's uranium enrichment capabilities. Oil prices had soared in previous weeks after the escalating tensions between both countries drove markets to consider the risk of the US enforcing sanctions on Iranian oil to a greater extent and Iranian authorities intercepting tankers through the Strait of Hormuz. The growing risk premia offset the narrative that the oil market will remain oversupplied this year due to the cumulative output hikes from OPEC nations and strong productions from the US, Canada, and Brazil outside complementing the cartel. Lastly, oil imports were India were also uncertain as its trade deal with the US was attached with the halt of purchases from Russia, which has pushed back on major changes in contracts with Indian refiners.
2026-02-09
Brent Falls on Easing US-Iran Tensions
Brent crude oil futures fell to $67.4 per barrel on Monday, extending last week’s decline, as concerns over US-Iran conflict eased after diplomatic talks. President Trump described the discussions as “very good,” while Tehran referred to them as a “step forward.” Both sides agreed to continue negotiations this week, alleviating fears of immediate supply disruptions. However, underlying tensions remain. Trump warned that consequences would be severe if a deal on Iran's nuclear program is not reached, while Tehran reiterated on Sunday that it will not abandon uranium enrichment. Elsewhere, traders are monitoring oil flows from India, after Trump announced last week that New Delhi had agreed to stop buying Russian oil as part of a trade deal, though India has yet to officially confirm the commitment, emphasizing that safeguarding its energy security remains a top priority. Investors also await OPEC+ and IEA reports later this week for further guidance on the market outlook.
2026-02-09