Actual
104.973
Daily Change
-3.78 -3.47%
Monthly
15.52%
Yearly
54.49%
Q3 Forecast
105.495
Brent oil - Summary

Brent crude fell to around $106 a barrel on Wednesday, extending its retreat after two sessions of gains as the US administration sought to ease concerns over disruptions to Saudi oil supplies. US Energy Secretary Chris Wright said Saudi Arabia’s damaged East-West pipeline should resume operations within days, describing the outage as temporary. However, independent analysts warned that repairs could take several weeks. While the pipeline remains offline, Saudi Arabia has moved to increase crude exports through the Strait of Hormuz with US military assistance. Meanwhile, US government data showed crude inventories fell by 640,000 barrels to 423.4 million barrels in the week ended September 11, although the decline was smaller than analysts had expected. Stocks at the Cushing, Oklahoma, hub also decreased. The data contrasted sharply with the American Petroleum Institute’s previous estimate of a 7.1 million-barrel increase in crude inventories.

Brent oil - Stats

Brent fell to 104.85 USD/Bbl on September 16, 2026, down 3.58% from the previous day. Over the past month, Brent's price has risen 15.39%, and is up 54.31% 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 16 of 2026.

Brent oil - Forecast

Brent fell to 104.85 USD/Bbl on September 16, 2026, down 3.58% from the previous day. Over the past month, Brent's price has risen 15.39%, and is up 54.31% 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 105.50 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 123.46 in 12 months time.



Price Day Month Year Date
Crude Oil 101.56 -4.266 -4.03% 20.19% 59.44% Sep/16
Brent 104.97 -3.777 -3.47% 15.52% 54.49% Sep/16
Natural gas 2.91 -0.0125 -0.43% 8.05% -6.24% Sep/16
Gasoline 3.41 -0.0516 -1.49% 4.39% 68.53% Sep/16
Heating Oil 5.16 -0.1060 -2.01% 16.20% 118.96% Sep/16
Coal 144.60 -2.25 -1.53% 11.83% 42.11% Sep/15
Ethanol 2.08 0 0% 2.21% 3.74% Sep/15
Naphtha 864.93 14.86 1.75% 15.48% 51.65% Sep/15
Propane 0.87 0.02 1.86% 18.97% 20.95% Sep/15
Uranium 89.95 -0.0500 -0.06% 2.51% 17.89% Sep/15
Methanol 3,545.00 116.00 3.38% 29.90% 54.87% Sep/16
Urals Oil 111.77 5.32 5.00% 32.12% 76.52% Sep/15


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
104.85 108.75 147.50 2.23 1970 - 2026 USD/BBL Daily

News Stream
Brent Crude Falls Toward $106
Brent crude fell to around $106 a barrel on Wednesday, extending its retreat after two sessions of gains as the US administration sought to ease concerns over disruptions to Saudi oil supplies. US Energy Secretary Chris Wright said Saudi Arabia’s damaged East-West pipeline should resume operations within days, describing the outage as temporary. However, independent analysts warned that repairs could take several weeks. While the pipeline remains offline, Saudi Arabia has moved to increase crude exports through the Strait of Hormuz with US military assistance. Meanwhile, US government data showed crude inventories fell by 640,000 barrels to 423.4 million barrels in the week ended September 11, although the decline was smaller than analysts had expected. Stocks at the Cushing, Oklahoma, hub also decreased. The data contrasted sharply with the American Petroleum Institute’s previous estimate of a 7.1 million-barrel increase in crude inventories.
2026-09-16
Brent Crude Falls on Wednesday
Brent crude fell to around $108 a barrel on Wednesday, retreating after two consecutive sessions of gains as signs of rising US inventories weighed on the market. The American Petroleum Institute reported a 7.1 million-barrel increase in US crude stockpiles last week, alongside higher gasoline and distillate inventories, with official government data due later in the day. Supply concerns nevertheless remain elevated. Saudi Arabia’s East-West pipeline remains offline, although US Energy Secretary Chris Wright said the outage should last only a matter of days. Iran-backed Houthi militants are advancing towards the Bab el-Mandeb Strait while intensifying attacks on Saudi targets and regional shipping routes. The disruption has reportedly prompted Saudi Aramco to delay some deliveries to European customers, increasing competition for alternative supplies. Libya also experienced a supply halt.
2026-09-16
Brent Pulls Back as US Inventories Rise
Brent crude fell below $108 per barrel on Wednesday, retreating from four-month highs after industry data showed a surprise increase in US crude inventories despite widening supply disruptions in the Middle East. API data showed US crude stockpiles surged by 7.14 million barrels last week following a 300,000-barrel decline in the previous week, defying expectations for another drawdown. Meanwhile, oil loadings at Saudi Arabia’s Yanbu port remained suspended following the shutdown of the crucial East-West pipeline. There is still no clear timeline for when operations at the key pipeline, which provides an alternative route around the Strait of Hormuz, will resume, as Iran-backed Houthi militants renewed attacks on Saudi Arabia this week. In Libya, the national oil company also suspended operations at two oilfields and a pumping station amid ongoing protests. Despite the disruptions, Libya’s overall oil output has remained largely stable at roughly 1.4 million barrels per day.
2026-09-16