Actual
92.655
Daily Change
2.17 2.39%
Monthly
10.61%
Yearly
34.01%
Q3 Forecast
91.716
Brent crude oil - Summary

Brent rose above $92 a barrel on Tuesday, following a 2.7% gain on Monday, as renewed hostilities between the US and Iran heightened concerns over prolonged disruptions to energy shipments through the Strait of Hormuz. US forces struck an island in the strategic waterway, prompting Iran to retaliate with attacks on US-linked targets in the UAE and Jordan, marking the first direct exchange of fire in about a month. Two supertankers were reportedly hit by unidentified projectiles while transiting the chokepoint, highlighting the risks facing vessels in the region. Despite the escalating tensions, crude exports continue to move through Hormuz, with some tankers reportedly switching off their transponders. Producers including Saudi Arabia, the UAE, Kuwait and Iraq are still managing to ship barrels. However, the threat of further attacks remains a major concern, particularly after a tanker was reportedly struck by three unidentified projectiles near Oman while exiting the waterway.

Brent crude oil - Stats

Brent rose to 92.68 USD/Bbl on September 1, 2026, up 2.42% from the previous day. Over the past month, Brent's price has risen 10.63%, and is up 34.04% 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 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 September 1 of 2026.

Brent crude oil - Forecast

Brent rose to 92.68 USD/Bbl on September 1, 2026, up 2.42% from the previous day. Over the past month, Brent's price has risen 10.63%, and is up 34.04% 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 crude oil is expected to trade at 91.72 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 106.71 in 12 months time.



Price Day Month Year Date
Crude Oil 88.44 2.676 3.12% 10.08% 34.83% Sep/01
Brent 92.66 2.165 2.39% 10.61% 34.01% Sep/01
Natural gas 2.85 -0.0805 -2.74% 2.64% -5.13% Sep/01
Gasoline 3.14 0.0598 1.94% 5.73% 53.58% Sep/01
Heating Oil 4.56 0.1448 3.28% 17.49% 91.85% Sep/01
Coal 141.75 2.00 1.43% 6.98% 28.98% Aug/31
Ethanol 2.05 0.0300 1.49% 4.59% 4.99% Aug/28
Naphtha 761.83 22.94 3.10% 4.00% 33.01% Aug/31
Propane 0.74 0.02 2.41% 9.03% 3.77% Aug/31
Uranium 89.35 -0.5000 -0.56% 3.18% 16.64% Aug/31
Methanol 3,163.00 49.00 1.57% 23.27% 42.99% Sep/01
Urals Oil 77.99 0.89 1.15% -8.67% 24.01% Aug/28


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
92.68 90.49 147.50 2.23 1970 - 2026 USD/BBL Daily

News Stream
Brent Tops $92
Brent rose above $92 a barrel on Tuesday, following a 2.7% gain on Monday, as renewed hostilities between the US and Iran heightened concerns over prolonged disruptions to energy shipments through the Strait of Hormuz. US forces struck an island in the strategic waterway, prompting Iran to retaliate with attacks on US-linked targets in the UAE and Jordan, marking the first direct exchange of fire in about a month. Two supertankers were reportedly hit by unidentified projectiles while transiting the chokepoint, highlighting the risks facing vessels in the region. Despite the escalating tensions, crude exports continue to move through Hormuz, with some tankers reportedly switching off their transponders. Producers including Saudi Arabia, the UAE, Kuwait and Iraq are still managing to ship barrels. However, the threat of further attacks remains a major concern, particularly after a tanker was reportedly struck by three unidentified projectiles near Oman while exiting the waterway.
2026-09-01
Brent Extends Gains as Supply Risks Persist
Brent crude climbed toward $92 per barrel on Tuesday, extending gains from the previous session as renewed hostilities in the Middle East raised concerns about further disruptions to energy flows from the region. US forces targeted two Iranian rocket launchers on Larak Island, while Tehran responded with attacks on the UAE and Jordan, marking a resumption of hostilities between the US and Iran after roughly a month of relative calm. President Donald Trump also extended military threats to Kharg Island, Iran’s key oil export hub. Meanwhile, oil shipments continue to pass through the Strait of Hormuz, with major Gulf producers including the UAE, Saudi Arabia, Kuwait, and Iraq still exporting some volumes. However, a supertanker caught fire in the strait after hitting two naval mines, underscoring the persistent risks facing Hormuz shipping. Elsewhere, refinery strikes in Russia have further tightened global refining capacity, driving refined-product margins to fresh highs.
2026-08-31
Brent Rises as Middle East Tensions Escalate
Brent crude oil climbed above $90 a barrel on Monday as tensions escalated in the Middle East. US forces struck two Iranian rocket launchers on Larak Island, marking a return to combat between the US and Iran after roughly a month. President Trump reportedly said, “We’re going to hit them very hard,” after Iran said it attacked two US bases in Jordan in response. Trump also extended military threats to Kharg Island, Iran’s main oil export terminal. Strikes on refineries in the Middle East and Russia have further constrained global refining capacity, pushing refined-product margins to new highs. The US SPR has been drawn close to minimum operational levels amid increased crude exports. Meanwhile, a supertanker caught fire after hitting two naval mines in the southern Strait of Hormuz, according to Iranian state media. Asian importers, including China, Japan and South Korea, have turned to suppliers as far away as Argentina to offset supply losses from the Middle East.
2026-08-31