Actual
95.220
Daily Change
4.73 5.23%
Monthly
13.67%
Yearly
37.72%
Q3 Forecast
91.716
Brent crude oil - Summary

Brent rose about 5% to near $95 a barrel on Tuesday, the highest since late July, after the US military launched new strikes against Iranian targets around the Strait of Hormuz following attacks on two oil tankers in the critical shipping route. US President Donald Trump also threatened a significantly larger response if Tehran retaliates. A senior Iranian military source said Tehran’s response would be “many times greater,” warning that bases across the region could quickly come under Iranian fire. The escalation threatens to prolong the conflict and further disrupt crude exports from the region. Meanwhile, a major Ukrainian drone attack on Russia’s Ust-Luga oil export terminal in the Baltic Sea sparked a fire, as Ukraine continues to target Russian refineries and energy infrastructure.

Brent crude oil - Stats

Brent rose to 95.22 USD/Bbl on September 1, 2026, up 5.23% from the previous day. Over the past month, Brent's price has risen 13.67%, and is up 37.72% 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 95.22 USD/Bbl on September 1, 2026, up 5.23% from the previous day. Over the past month, Brent's price has risen 13.67%, and is up 37.72% 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 90.68 4.920 5.74% 12.87% 38.25% Sep/01
Brent 95.22 4.730 5.23% 13.67% 37.72% Sep/01
Natural gas 2.95 0.0120 0.41% 5.97% -2.06% Sep/01
Gasoline 3.16 0.0832 2.70% 6.52% 54.72% Sep/01
Heating Oil 4.71 0.3043 6.90% 21.61% 98.57% 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
95.22 90.49 147.50 2.23 1970 - 2026 USD/BBL Daily

News Stream
Brent Rises on Escalating Middle East Tensions
Brent rose about 5% to near $95 a barrel on Tuesday, the highest since late July, after the US military launched new strikes against Iranian targets around the Strait of Hormuz following attacks on two oil tankers in the critical shipping route. US President Donald Trump also threatened a significantly larger response if Tehran retaliates. A senior Iranian military source said Tehran’s response would be “many times greater,” warning that bases across the region could quickly come under Iranian fire. The escalation threatens to prolong the conflict and further disrupt crude exports from the region. Meanwhile, a major Ukrainian drone attack on Russia’s Ust-Luga oil export terminal in the Baltic Sea sparked a fire, as Ukraine continues to target Russian refineries and energy infrastructure.
2026-09-01
Brent Crude Oil is up by 5%
Brent Crude Oil increased 5% to 95.019 USD/Bbl
2026-09-01
Brent Rises to Over 1-Month High
Brent futures rose to $94 per barrel on Tuesday, the highest in over one month, as more strikes in the Middle East prolonged the period of suspended exports from the region. The US launched a new wave of attacks against Iran after both countries exchanged strikes earlier in the week, heightening the conflict even though the US had signaled it would stick to only economic measures against Tehran. Tanker flows were set to drop sharply after reports that GCC nations enabled the export of barrels had allowed for some respite in crude oil and refined goods prices. A greater rebound to crude prices were prevented by major economies tapping on inventory to tame higher import turnover. The US SPR plunged to less than 290 million barrels, the lowest since 1982. On top of that, China significantly cut imports of crude oil and refinery runs in the country were cut by only 1.6 million barrels per day, indicating the cutback in crude consumption despite steady demand for refined product.
2026-09-01