Brent crude futures slipped toward $98 per barrel on Friday, trimming gains from the previous session after US President Donald Trump voiced optimism about a possible agreement to end the conflict with Iran. He said Tehran had accepted terms that include abandoning ambitions for a nuclear weapon, providing “free oil,” and reopening the Strait of Hormuz, though Iranian authorities have yet to confirm the claims. Trump also announced a 10-day ceasefire between Israel and Lebanon, which was confirmed by Israeli Prime Minister Benjamin Netanyahu. Meanwhile, the Strait of Hormuz remains effectively closed due to a dual blockade by the US and Iran, keeping markets on edge over further disruptions to global energy flows. Meanwhile, IMF Executive Director Fatih Birol warned that restoring a meaningful portion of disrupted oil and gas output could take up to two years.

Brent fell to 98.07 USD/Bbl on April 17, 2026, down 1.33% from the previous day. Over the past month, Brent's price has fallen 8.67%, but it is still 48.00% higher than a year ago, 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 April 17 of 2026.

Brent fell to 98.07 USD/Bbl on April 17, 2026, down 1.33% from the previous day. Over the past month, Brent's price has fallen 8.67%, but it is still 48.00% higher than a year ago, 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 97.93 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 108.11 in 12 months time.



Price Day Month Year Date
Crude Oil 93.37 -1.316 -1.39% -2.18% 49.61% Apr/17
Brent 98.07 -1.323 -1.33% -8.67% 48.00% Apr/17
Natural gas 2.66 0.0130 0.49% -13.21% -11.80% Apr/17
Gasoline 3.15 -0.0149 -0.47% 1.62% 50.49% Apr/17
Heating Oil 3.80 -0.0320 -0.83% -9.46% 77.06% Apr/17
Coal 133.55 -0.20 -0.15% -0.89% 40.51% Apr/16
Ethanol 1.90 -0.0100 -0.52% -0.52% 7.04% Apr/16
Naphtha 915.43 15.56 1.73% 11.05% 66.32% Apr/16
Propane 0.80 0.01 1.52% 4.30% -4.97% Apr/16
Uranium 86.30 0.7000 0.82% -0.23% 32.67% Apr/16
Methanol 3,188.00 33.00 1.05% 11.51% 36.65% Apr/16
Urals Oil 116.40 -1.06 -0.90% 24.01% 95.37% Apr/15


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
98.07 99.39 147.50 2.23 1970 - 2026 USD/BBL Daily

News Stream
Brent Falls on Iran Deal Optimism
Brent crude futures slipped toward $98 per barrel on Friday, trimming gains from the previous session after US President Donald Trump voiced optimism about a possible agreement to end the conflict with Iran. He said Tehran had accepted terms that include abandoning ambitions for a nuclear weapon, providing “free oil,” and reopening the Strait of Hormuz, though Iranian authorities have yet to confirm the claims. Trump also announced a 10-day ceasefire between Israel and Lebanon, which was confirmed by Israeli Prime Minister Benjamin Netanyahu. Meanwhile, the Strait of Hormuz remains effectively closed due to a dual blockade by the US and Iran, keeping markets on edge over further disruptions to global energy flows. Meanwhile, IMF Executive Director Fatih Birol warned that restoring a meaningful portion of disrupted oil and gas output could take up to two years.
2026-04-16
Brent Crude Rises 4%
Brent crude futures rose by more 4% to above $99 per barrel on Thursday as doubts resurfaced over ongoing US–Iran negotiations. Reuters reported that the peace talks now point to diminished prospects for a broad agreement and opening of the Strait of Hormuz and are now focused on securing a temporary memorandum to avoid renewed conflict. Meanwhile, benchmark prices showed little immediate reaction after President Trump said Israeli and Lebanese leaders had agreed to begin a 10-day ceasefire starting Thursday. Further supporting prices, signs of tightening supply are emerging. After seven consecutive weeks of builds, US crude inventories fell by 9.13 million barrels last week, far exceeding analysts’ expectations for a 154,000-barrel increase, according to the US Energy Information Administration.
2026-04-16
Brent Edges Higher as Ceasefire Extension Eyed
Brent crude futures rose above $97 per barrel on Thursday after facing pressure earlier in the week, as investors assessed the likelihood of an extension of the ceasefire between the US and Iran while weighing the possibility for a broader agreement that could end the conflict and reopen the Strait of Hormuz. Reports indicated that Washington and Tehran are mulling an extension to their two-week ceasefire to allow more time to negotiate a peace deal. Meanwhile, the Strait of Hormuz remains effectively closed, with a US naval blockade on Iranian ports still in place, keeping markets on edge over further supply disruptions. Iran also warned it could retaliate against an extended US blockade by suspending shipments across the Persian Gulf, the Sea of Oman, and the Red Sea. Markets are now turning their attention to a likely second round of US-Iran talks, expected to center on reopening the strait and Iran’s nuclear enrichment activities.
2026-04-15