Actual
105.182
Daily Change
0.15 0.14%
Monthly
-0.47%
Yearly
66.11%
Q4 Forecast
108.597
Brent oil - Summary

Brent crude prices wavered near $104 a barrel on Friday after US President Trump said Russian President Putin had agreed to release diesel supplies into the global market. The US Treasury Department said the Office of Foreign Assets Control was “immediately issuing a temporary general license” to allow Russian diesel supplies to reach global markets. The proposed volume would amount to about 22.5 million barrels. Meanwhile, the US-Iran conflict has strained shipping, with a large tanker fleet tied up in ship-to-ship transfers outside the Strait of Hormuz, pushing global freight rates to record highs and reducing vessel availability on other routes. Eleven tankers came under attack while transiting Hormuz during the week that ended October 4th. Trump said earlier this week that he would not strike Iran again before the November midterm elections, citing what he described as productive discussions with Tehran. On the week, brent rose about 1.5%.

Brent oil - Stats

Brent rose to 104.43 USD/Bbl on October 9, 2026, up 0.14% from the previous day. Over the past month, Brent's price has fallen 2.97%, but it is still 66.48% higher than a year ago, 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 11 of 2026.

Brent oil - Forecast

Brent rose to 104.43 USD/Bbl on October 9, 2026, up 0.14% from the previous day. Over the past month, Brent's price has fallen 2.97%, but it is still 66.48% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Brent oil is expected to trade at 108.60 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 123.97 in 12 months time.



Price Day Month Year Date
Crude Oil 92.30 0.170 0.19% -8.96% 55.16% Oct/11
Brent 105.18 0.150 0.14% -0.47% 66.11% Oct/11
Natural gas 3.18 0.0333 1.05% 9.76% 1.95% Oct/11
Gasoline 3.29 -0.0412 -1.24% -0.86% 77.78% Oct/11
Heating Oil 4.67 -0.2001 -4.10% -5.79% 107.77% Oct/11
Coal 148.85 -0.60 -0.40% 0.57% 42.37% Oct/09
Ethanol 2.01 -0.0325 -1.59% -2.07% 13.70% Oct/09
Naphtha 870.70 36.41 4.36% 5.46% 60.96% Oct/08
Propane 1.01 0.02 1.86% 17.19% 54.86% Oct/09
Uranium 90.00 0.1500 0.17% -0.22% 14.07% Oct/09
Methanol 4,345.00 243.00 5.92% 12.22% 96.61% Oct/09
Urals Oil 129.17 5.24 4.23% 34.92% 112.42% Oct/08


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
104.43 104.28 147.50 2.23 1970 - 2026 USD/BBL Daily

News Stream
Brent Wavers on Potential Russian Diesel Release
Brent crude prices wavered near $104 a barrel on Friday after US President Trump said Russian President Putin had agreed to release diesel supplies into the global market. The US Treasury Department said the Office of Foreign Assets Control was “immediately issuing a temporary general license” to allow Russian diesel supplies to reach global markets. The proposed volume would amount to about 22.5 million barrels. Meanwhile, the US-Iran conflict has strained shipping, with a large tanker fleet tied up in ship-to-ship transfers outside the Strait of Hormuz, pushing global freight rates to record highs and reducing vessel availability on other routes. Eleven tankers came under attack while transiting Hormuz during the week that ended October 4th. Trump said earlier this week that he would not strike Iran again before the November midterm elections, citing what he described as productive discussions with Tehran. On the week, brent rose about 1.5%.
2026-10-09
Brent Rises Past $103
Brent crude inched rose past $103 per barrel on Friday, the highest in two weeks as mounting supply risks counterbalanced temporary relief that the US would not escalate the conflict against Iran this month. Freight costs for tankers crossing the Persian Gulf soared to record highs, and traffic through the Strait of Hormuz declined as maritime agencies flagged a series of attacks on vessels in the area. Ongoing conflict across the Middle East continued to disrupt OPEC+ output, curtailing crude flows to major refining hubs. Adding to supply concerns, recent EIA data showed that the US Strategic Petroleum Reserve fell to a near-record low. Meanwhile, Hurricane Isaias forced operators in the Gulf of Mexico to shut in over 60% of the region's crude production capacity. These disruptions overshadowed the brief pullback triggered when US President Trump indicated that Iran would not face strikes before the midterm elections on November 3rd.
2026-10-09
Brent at $103
Brent prices fell to $103 a barrel on Friday, consolidating after a 4% gain in the previous session, amid easing concerns over Middle East supply disruptions. US President Trump said that Washington was engaged in “productive discussions” with Iran and would refrain from attacking the country ahead of the midterm elections. Meanwhile, reports indicated that Tehran’s foreign minister said Iran was reviewing the US response to its proposal to reopen the Strait of Hormuz within seven days. Adding to the downward pressure, China is set to resume refined fuel exports in October following a brief suspension during the Golden Week holiday. On the other hand, threats to shipping through the Gulf and the Strait of Hormuz persist and supply risks continued in the Gulf of Mexico, where Hurricane Isaias forced producers to shut in approximately 1.3 million bpd as of Thursday, according to the US Marine Minerals Administration. For the week, Brent prices rose 2%.
2026-10-09