Actual
106.868
Daily Change
2.15 2.05%
Monthly
1.12%
Yearly
68.78%
Q4 Forecast
108.597
Brent oil - Summary

Brent crude traded above $106.5 a barrel on Monday, the highest in more than two weeks, as escalating Middle East tensions heightened concerns over regional security. Saudi Arabia’s main airport came under attack again on Sunday, while another tanker was targeted in the Strait of Hormuz. The incidents followed a phone call between Saudi and Iranian foreign ministers and came amid renewed fighting involving Iran-backed Houthi forces in Yemen. Despite the security risks, oil exports from the Persian Gulf remained relatively resilient. Shipments reportedly recovered to 17.5 million bpd, around 98% of pre-war levels. Meanwhile, US President Donald Trump claimed that Russia and Ukraine agreed to an immediate energy ceasefire. Moscow plans to export 500,000 tons of diesel, far below last year’s 28.6 million tons. The IEA urged governments to accelerate pledged diesel releases, warning that current market conditions require immediate attention ahead of its October 15 meeting.

Brent oil - Stats

Brent rose to 106.93 USD/Bbl on October 12, 2026, up 2.11% from the previous day. Over the past month, Brent's price has risen 1.19%, and is up 68.88% 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 12 of 2026.

Brent oil - Forecast

Brent rose to 106.93 USD/Bbl on October 12, 2026, up 2.11% from the previous day. Over the past month, Brent's price has risen 1.19%, and is up 68.88% 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 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 93.54 1.689 1.84% -7.74% 57.23% Oct/12
Brent 106.87 2.148 2.05% 1.12% 68.78% Oct/12
Natural gas 3.13 -0.0876 -2.72% 8.16% 0.46% Oct/12
Gasoline 3.31 0.0111 0.34% -0.33% 78.73% Oct/12
Heating Oil 4.74 0.0006 0.01% -4.48% 110.65% Oct/12
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 874.93 4.23 0.49% 0.43% 65.72% Oct/09
Propane 1.03 0.03 2.82% 20.40% 59.10% Oct/12
Uranium 90.00 0.1500 0.17% -0.22% 14.07% Oct/09
Methanol 4,034.00 -311.00 -7.16% 17.58% 80.82% Oct/12
Urals Oil 118.23 -10.94 -8.47% 14.01% 100.76% Oct/09


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
106.93 104.72 147.50 2.23 1970 - 2026 USD/BBL Daily

News Stream
Brent Crude Rises to Over 2-Week High
Brent crude traded above $106.5 a barrel on Monday, the highest in more than two weeks, as escalating Middle East tensions heightened concerns over regional security. Saudi Arabia’s main airport came under attack again on Sunday, while another tanker was targeted in the Strait of Hormuz. The incidents followed a phone call between Saudi and Iranian foreign ministers and came amid renewed fighting involving Iran-backed Houthi forces in Yemen. Despite the security risks, oil exports from the Persian Gulf remained relatively resilient. Shipments reportedly recovered to 17.5 million bpd, around 98% of pre-war levels. Meanwhile, US President Donald Trump claimed that Russia and Ukraine agreed to an immediate energy ceasefire. Moscow plans to export 500,000 tons of diesel, far below last year’s 28.6 million tons. The IEA urged governments to accelerate pledged diesel releases, warning that current market conditions require immediate attention ahead of its October 15 meeting.
2026-10-12
Brent Drops on Russian Diesel Supply Hopes
Brent crude fell toward $103 per barrel on Monday, ending a two-session rally as expectations that Russian diesel supplies could help alleviate global fuel shortages weighed on prices. On Friday, President Donald Trump said his administration had reached an agreement for Russia to provide hundreds of thousands of tons of diesel fuel, signaling a partial easing of Moscow’s export ban. Trump also claimed that Russia and Ukraine had agreed to an “energy ceasefire” that would take effect immediately. Meanwhile, Saudi Arabia’s main airport was targeted again on Sunday by Iran-backed Houthi militants, a day after an earlier strike killed 12 people and injured more than 300. The attacks prompted Trump to consider joining Saudi Arabia in retaliatory action against the Houthis in Yemen. However, Iran’s Minister of Foreign Affairs Abbas Araghchi reportedly reached out to his counterpart in Riyadh to discuss about the region’s recent escalation of events as well as the efforts to address it.
2026-10-12
Brent Turns Lower Despite Saudi Airport Attack
Brent crude fell below $104 per barrel on Monday, reversing earlier gains as investors shrugged off deadly attacks on Riyadh's airport which prompted President Trump to consider joining Saudi Arabia in retaliating against Iran-backed Houthis in Yemen. Riyadh’s King Khalid International Airport was targeted again on Sunday by Iran-backed Houthi militants, a day after an earlier strike killed 12 people and injured more than 300. Meanwhile, a drone struck a tanker near the Sohar anchorage off Oman over the weekend, just outside the Strait of Hormuz, underscoring still-elevated supply risks despite signs of higher crude exports from the Persian Gulf. Separately, Trump said Russia and Ukraine had agreed to an “energy ceasefire” that would take effect immediately. In the US, the Department of Energy announced approval of an emergency exchange involving up to 4 million barrels of crude oil from strategic reserves to help mitigate supply disruptions caused by Hurricane Isaias.
2026-10-11