Actual
105.314
Daily Change
4.10 4.06%
Monthly
18.45%
Yearly
58.68%
Q3 Forecast
97.409
Brent oil - Summary

Brent crude rose past $102 per barrel on Thursday, the highest in over three months and soaring nearly 15% since the start of September, as escalatory strikes between Iran and the US further supressed supply from the key region. Tehran signaled it will not back down from a military blockade as the US launched attacks against a series of Iranian tankers near Kharg Island, host to the state's key energy infrastructure. The deteriorating backdrop from the Middle East dims expectations that supply from the region could be normalized as Asian economies are forced to re-enter the energy market. China imported 8.93 bpd of crude oil in August, a 6.2% increase from July, after its reliance on inventory since the start of the conflict had shielded the global economy from a deeper energy shortage due to blockaded tankers in the Persian Gulf. Inventories were also lower in the US, with the government's SPR hovering at a record low.

Brent oil - Stats

Brent rose to 105.31 USD/Bbl on September 10, 2026, up 4.06% from the previous day. Over the past month, Brent's price has risen 18.45%, and is up 58.68% 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 10 of 2026.

Brent oil - Forecast

Brent rose to 105.31 USD/Bbl on September 10, 2026, up 4.06% from the previous day. Over the past month, Brent's price has risen 18.45%, and is up 58.68% 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 97.41 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 113.59 in 12 months time.



Price Day Month Year Date
Crude Oil 100.56 4.513 4.70% 20.87% 61.24% Sep/10
Brent 105.31 4.104 4.06% 18.45% 58.68% Sep/10
Natural gas 2.78 -0.0424 -1.50% 0.46% -5.26% Sep/10
Gasoline 3.33 0.1166 3.63% 6.08% 68.94% Sep/10
Heating Oil 4.92 0.1206 2.51% 15.73% 115.68% Sep/10
Coal 147.35 -0.25 -0.17% 14.22% 43.83% Sep/09
Ethanol 2.03 -0.0075 -0.37% 3.05% 6.84% Sep/09
Naphtha 825.61 15.72 1.94% 10.49% 46.10% Sep/09
Propane 0.85 0.02 2.33% 20.71% 18.51% Sep/09
Uranium 90.00 0.3500 0.39% 3.69% 17.80% Sep/09
Methanol 3,872.00 265.00 7.35% 47.56% 74.97% Sep/10
Urals Oil 95.74 4.40 4.82% 16.94% 51.18% Sep/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
105.31 101.21 147.50 2.23 1970 - 2026 USD/BBL Daily

News Stream
Brent Crude Surges to 3-Month High
Brent crude rose past $102 per barrel on Thursday, the highest in over three months and soaring nearly 15% since the start of September, as escalatory strikes between Iran and the US further supressed supply from the key region. Tehran signaled it will not back down from a military blockade as the US launched attacks against a series of Iranian tankers near Kharg Island, host to the state's key energy infrastructure. The deteriorating backdrop from the Middle East dims expectations that supply from the region could be normalized as Asian economies are forced to re-enter the energy market. China imported 8.93 bpd of crude oil in August, a 6.2% increase from July, after its reliance on inventory since the start of the conflict had shielded the global economy from a deeper energy shortage due to blockaded tankers in the Persian Gulf. Inventories were also lower in the US, with the government's SPR hovering at a record low.
2026-09-10
Brent Holds Gains on Intensifying US-Iran War
Brent crude traded around $101 per barrel on Thursday, hovering at its highest level since May as the intensifying conflict between the US and Iran raised concerns over further disruptions to energy supplies from the Middle East. Iran said it was ready for a more intense conflict, vowing to resist the US naval blockade and warning that it would intensify its attacks if American forces continued strikes on Iranian territory. Meanwhile, President Donald Trump predicted that the conflict would not end until after the November midterm elections and said significant relief in gasoline prices was unlikely before then, signaling limited prospects for near-term de-escalation. Hostilities intensified over the past week following roughly a month of relative calm, with both sides stepping up attacks. The conflict broadened after Iran-backed Houthi militants attacked several energy facilities in Saudi Arabia, prompting a temporary suspension of some operations.
2026-09-09
Brent Tops $101 as US-Iran Conflict Escalates
Brent crude rose above $101.5 a barrel on Wednesday for the first time since May, driven by escalating US-Iran tensions. US officials reported that Iran attempted to attack Navy ships on Monday after targeting an aircraft carrier with ballistic missiles over the weekend, in a previously undisclosed wave of attacks. Meanwhile, Iranian state media said a US missile targeted a small oil tanker four miles from Kharg Island on Tuesday. The war broadened this week after Iran-backed Houthi militants attacked several energy facilities in Saudi Arabia, forcing a temporary halt to some operations. The attacks came after the US military struck three Iranian oil tankers on Saturday in retaliation for Iranian ballistic missile attacks on two Navy warships. Adding to upwards pressures on prices, US crude inventories fell by 0.3 million barrels last week. Meanwhile, Ukrainian drones hit infrastructure in Novorossiysk, Russia’s key oil terminal in the Black Sea, on Wednesday.
2026-09-09