Brent crude oil prices were near $80 per barrel on Friday and were heading toward a weekly decline of roughly 8% after Israel and Hezbollah reached a ceasefire agreement set to begin on Friday. The truce, if maintained, could remove a major obstacle to broader peace efforts between the US and Iran. Meanwhile, Tehran said vessels passing through the Strait of Hormuz would require mandatory insurance policies, which are currently free but could incur charges later, reinforcing its claims over the strategic waterway. Market data suggested shipping activity slowed after an earlier surge in tanker movements, with no outbound vessels seen leaving the Persian Gulf on Friday morning. In contrast, nearly 10 million barrels of crude were observed transiting or positioned near the strait on Thursday, including the first Saudi-owned tankers to move since the conflict began more than three months ago. Uncertainty continues after planned US-Iran talks in Switzerland were canceled.

Brent rose to 80.58 USD/Bbl on June 19, 2026, up 0.92% from the previous day. Over the past month, Brent's price has fallen 23.27%, but it is still 4.64% 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 June 20 of 2026.

Brent rose to 80.58 USD/Bbl on June 19, 2026, up 0.92% from the previous day. Over the past month, Brent's price has fallen 23.27%, but it is still 4.64% 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 87.96 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 101.54 in 12 months time.



Price Day Month Year Date
Crude Oil 77.33 0.732 0.96% -21.30% 4.73% Jun/19
Brent 80.59 0.739 0.93% -23.26% 4.65% Jun/19
Natural gas 3.20 -0.0361 -1.12% 6.42% -16.90% Jun/19
Gasoline 3.00 0.0072 0.24% -13.92% 28.64% Jun/19
Heating Oil 3.19 0.0664 2.12% -19.09% 25.55% Jun/19
Coal 144.00 0 0% 8.72% 35.08% Jun/19
Ethanol 1.86 0.0250 1.36% -7.00% 14.11% Jun/18
Naphtha 692.24 0.36 0.05% -23.75% 20.00% Jun/18
Propane 0.73 -0.003 -0.40% -16.73% -6.76% Jun/18
Uranium 86.10 0.5500 0.64% 1.35% 13.44% Jun/18
Methanol 2,770.00 -107.00 -3.72% -2.81% 7.66% Jun/18
Urals Oil 61.19 -3.35 -5.19% -39.61% -17.92% Jun/18


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
80.58 79.85 147.50 2.23 1970 - 2026 USD/BBL Daily

News Stream
Brent Holds Near $80, Set for Weekly Loss
Brent crude oil prices were near $80 per barrel on Friday and were heading toward a weekly decline of roughly 8% after Israel and Hezbollah reached a ceasefire agreement set to begin on Friday. The truce, if maintained, could remove a major obstacle to broader peace efforts between the US and Iran. Meanwhile, Tehran said vessels passing through the Strait of Hormuz would require mandatory insurance policies, which are currently free but could incur charges later, reinforcing its claims over the strategic waterway. Market data suggested shipping activity slowed after an earlier surge in tanker movements, with no outbound vessels seen leaving the Persian Gulf on Friday morning. In contrast, nearly 10 million barrels of crude were observed transiting or positioned near the strait on Thursday, including the first Saudi-owned tankers to move since the conflict began more than three months ago. Uncertainty continues after planned US-Iran talks in Switzerland were canceled.
2026-06-19
Brent Holds Near $80, Set for Weekly Loss
Brent crude oil steadied near $80 per barrel on Friday as trading remained volatile amid shifting flows through the Strait of Hormuz and renewed uncertainty over US-Iran negotiations on a longer-term peace agreement. Market data suggested shipping activity slowed after an earlier surge in tanker movements, with no outbound vessels seen leaving the Persian Gulf on Friday morning. In contrast, nearly 10 million barrels of crude were observed transiting or positioned near the strait on Thursday, including the first Saudi-owned tankers to move since the conflict began more than three months ago. However, optimism from an interim US-Iran accord was tempered after planned talks in Switzerland were delayed, raising doubts over the durability of any supply recovery. Despite recent stabilization, crude was on track for a weekly decline of around 8.5%, erasing most of the gains accumulated during the height of the conflict.
2026-06-19
Brent Heads for Sharp Weekly Drop
Brent rose to around $80 per barrel on Friday after planned talks between the US and Iran in Switzerland was cancelled as confirmed by the Swiss Foreign Ministry. Israel also continued to carry out strikes on Hezbollah targets in Lebanon. Still, oil prices were on track for a sharp weekly decline as investors welcomed improving shipping conditions in the Strait of Hormuz after the US-Iran interim peace took effect. The US Central Command announced it had lifted restrictions on traffic to and from Iranian ports and coastal waters, while the Joint Maritime Information Center advised vessels transiting the strait to follow a route closer to Oman’s coastline to reduce the risk from mines. Tankers carrying previously stranded crude began exiting the waterway on Thursday, and Kuwait said it would begin increasing production. As a result, oil prices have erased nearly all the gains recorded since the Middle East conflict began in late February.
2026-06-19