Actual
98.079
Daily Change
-2.26 -2.25%
Monthly
6.41%
Yearly
45.02%
Q3 Forecast
104.412
Brent oil - Summary

Brent crude fell below $100 a barrel on Tuesday, extending losses into a fifth session and reaching the lowest level in two weeks, after reports suggested Iran could reopen the Strait of Hormuz if the US lifted its blockade of Iranian ports. Japan’s Kyodo News reported that Tehran had proposed reopening the strategic waterway within seven days of the blockade being lifted, potentially creating a basis for discussions with mediating countries during the UN General Assembly. President Donald Trump is due to address the assembly in New York and may meet Iranian President Masoud Pezeshkian on the sidelines. Meanwhile, Saudi Arabia has continued moving crude through Hormuz at around 2.9 million barrels per day over the past six days. Satellite imagery showed supertankers with combined capacity of about 14 million barrels at Saudi Gulf export terminals, the highest count observed since at least June.

Brent oil - Stats

Brent fell to 97.88 USD/Bbl on September 22, 2026, down 2.45% from the previous day. Over the past month, Brent's price has risen 6.20%, and is up 44.73% 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 September 22 of 2026.

Brent oil - Forecast

Brent fell to 97.88 USD/Bbl on September 22, 2026, down 2.45% from the previous day. Over the past month, Brent's price has risen 6.20%, and is up 44.73% 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 104.41 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 122.78 in 12 months time.



Price Day Month Year Date
Crude Oil 89.54 -2.826 -3.06% 5.33% 41.21% Sep/22
Brent 98.08 -2.261 -2.25% 6.41% 45.02% Sep/22
Natural gas 2.83 -0.0047 -0.17% -0.13% -9.83% Sep/22
Gasoline 3.40 -0.0671 -1.93% 4.04% 69.62% Sep/22
Heating Oil 4.77 -0.1208 -2.47% 11.74% 104.84% Sep/22
Coal 144.05 0.05 0.03% 9.54% 38.64% Sep/21
Ethanol 2.13 0.0300 1.43% 0.47% 12.70% Sep/21
Naphtha 817.25 -22.01 -2.62% 9.19% 45.85% Sep/21
Propane 0.84 0.001 0.13% 16.28% 18.47% Sep/21
Uranium 89.70 0 0% 1.64% 16.65% Sep/18
Methanol 3,393.00 -95.00 -2.72% 15.45% 50.67% Sep/22
Urals Oil 107.50 -7.94 -6.88% 24.26% 75.22% Sep/21


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
97.88 100.34 147.50 2.23 1970 - 2026 USD/BBL Daily

News Stream
Brent Extends Losses for 5th Session
Brent crude fell below $100 a barrel on Tuesday, extending losses into a fifth session and reaching the lowest level in two weeks, after reports suggested Iran could reopen the Strait of Hormuz if the US lifted its blockade of Iranian ports. Japan’s Kyodo News reported that Tehran had proposed reopening the strategic waterway within seven days of the blockade being lifted, potentially creating a basis for discussions with mediating countries during the UN General Assembly. President Donald Trump is due to address the assembly in New York and may meet Iranian President Masoud Pezeshkian on the sidelines. Meanwhile, Saudi Arabia has continued moving crude through Hormuz at around 2.9 million barrels per day over the past six days. Satellite imagery showed supertankers with combined capacity of about 14 million barrels at Saudi Gulf export terminals, the highest count observed since at least June.
2026-09-22
Brent Rises After 4-Day Drop
Brent crude rose to around $102 per barrel on Tuesday after falling for four straight sessions, as investors weighed whether renewed diplomatic efforts to end the US-Iran war could make progress and help restore energy flows from the Middle East. President Donald Trump is scheduled to address the UN General Assembly in New York later today and could meet with Iranian President Masoud Pezeshkian on the sidelines. Trump is also expected to hold discussions with other Gulf nations and Chinese President Xi Jinping this week. Meanwhile, the Trump administration has proposed a $5 billion fund to help rebuild infrastructure across the Middle East damaged by the war. Saudi Arabia, meanwhile, moved crude through the Strait of Hormuz at 2.9 million barrels per day over the past six days. Satellite images also showed supertankers with a combined capacity of 14 million barrels at Saudi Arabia’s Gulf export terminals over the weekend, marking the highest tanker count observed since at least June.
2026-09-21
Brent Extends Decline on US-Iran Diplomacy Hopes
Brent crude fell below $100 a barrel on Monday, extending losses for a fourth session after US President Trump reportedly decided against bombing Yemen for now and indicated he was open to diplomacy with Iran. Trump reportedly rejected calls from Saudi Arabia to strike the Houthis and said he would probably be open to meeting Iranian President Masoud Pezeshkian during this week’s UN General Assembly in New York. Meanwhile, crude exports from the Middle East have proven resilient even after Saudi Arabia closed its East-West pipeline following attacks. Saudi Arabia moved crude through the Strait of Hormuz at 2.9 million barrels a day over the past six days. Satellite images showed supertankers with capacity for 14 million barrels at Saudi Arabia’s Gulf export terminals over the weekend, the highest tanker count observed since at least June. Overall, however, traffic through the Strait of Hormuz continued to decline.
2026-09-21