Actual
96.388
Daily Change
-2.61 -2.48%
Monthly
6.52%
Yearly
45.98%
Q3 Forecast
104.518
Brent oil - Summary

Brent crude fell near $102 a barrel on Tuesday after the US ordered another release from its emergency reserves and as Saudi Arabia’s crude exports recover. The US will offer up to 40 million barrels from the SPR in an exchange, and urged European nations to do likewise. The Energy Department said the program will ultimately return about 200 million barrels to the reserve over the next year, roughly 20% more than the amount released. Bids for the SPR release are due October 6th. Energy Secretary Wright has signaled that another drawdown is unlikely. The SPR is projected to fall to its lowest level since 1982 once the latest release is completed. Meanwhile, Saudi Arabia boosted flows through its key pipeline, reportedly restoring about half of its capacity following drone attacks. A steady flow of crude also appears to be moving through the Hormuz on vessels transiting covertly. US and Iranian officials have reportedly held separate indirect talks with mediators on Monday.

Brent oil - Stats

Brent fell to 96.39 USD/Bbl on September 29, 2026, down 8.45% from the previous day. Over the past month, Brent's price has risen 6.52%, and is up 45.98% 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 29 of 2026.

Brent oil - Forecast

Brent fell to 96.39 USD/Bbl on September 29, 2026, down 8.45% from the previous day. Over the past month, Brent's price has risen 6.52%, and is up 45.98% 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 104.52 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 123.36 in 12 months time.



Price Day Month Year Date
Crude Oil 89.09 -3.660 -3.95% 3.88% 42.83% Sep/29
Brent 96.39 -2.610 -2.48% 6.52% 45.98% Sep/29
Natural gas 3.01 -0.0954 -3.07% 2.58% -8.85% Sep/29
Gasoline 3.01 -0.3304 -9.90% -2.27% 56.83% Sep/29
Heating Oil 4.86 0.1231 2.59% 10.27% 109.27% Sep/29
Coal 146.00 2.25 1.57% 3.00% 36.77% Sep/28
Ethanol 2.11 -0.0225 -1.06% 2.55% 5.90% Sep/28
Naphtha 805.26 -6.57 -0.81% 5.70% 43.09% Sep/28
Propane 0.89 0.01 1.63% 18.86% 24.42% Sep/28
Uranium 89.50 0.2000 0.22% 0.17% 9.21% Sep/29
Methanol 3,698.00 153.00 4.32% 18.75% 65.46% Sep/29
Urals Oil 110.94 0.40 0.36% 36.93% 75.98% Sep/28


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
96.39 105.28 147.50 2.23 1970 - 2026 USD/BBL Daily

News Stream
Brent Crude Drops as US SPR Release Boosts Supply
Brent crude fell near $102 a barrel on Tuesday after the US ordered another release from its emergency reserves and as Saudi Arabia’s crude exports recover. The US will offer up to 40 million barrels from the SPR in an exchange, and urged European nations to do likewise. The Energy Department said the program will ultimately return about 200 million barrels to the reserve over the next year, roughly 20% more than the amount released. Bids for the SPR release are due October 6th. Energy Secretary Wright has signaled that another drawdown is unlikely. The SPR is projected to fall to its lowest level since 1982 once the latest release is completed. Meanwhile, Saudi Arabia boosted flows through its key pipeline, reportedly restoring about half of its capacity following drone attacks. A steady flow of crude also appears to be moving through the Hormuz on vessels transiting covertly. US and Iranian officials have reportedly held separate indirect talks with mediators on Monday.
2026-09-29
Brent Crude Falls to $104
Brent crude fell toward $104 a barrel on Tuesday as markets weighed efforts to ease Middle East tensions. US and Iranian officials have continued separate discussions with mediators, including indirect contacts through Qatar, as regional governments push for ceasefire negotiations. However, Iranian officials have privately expressed doubts that an agreement can be reached before the US midterm elections in November. President Donald Trump has rejected an Iranian proposal to restore full traffic through Hormuz and denied reports that Washington offered sanctions relief in exchange for nuclear concessions. Meanwhile, Saudi Arabia has restored roughly half the flows through its East-West pipeline, with shipments to the Red Sea reaching at least 3.5 million barrels a day. The route provides a crucial alternative to exports through the Strait of Hormuz and is helping offset the lack of progress in diplomatic talks.
2026-09-29
Brent Rises as US-Iran Uncertainty Persists
Brent crude climbed toward $106 per barrel on Tuesday, extending its gains as ongoing uncertainty surrounding US-Iran negotiations outweighed the resumption of oil flows through Saudi Arabia’s East-West pipeline. Iranian officials have reportedly cast doubt on the possibility of reaching an agreement to end hostilities in the Middle East and reopen the Strait of Hormuz before the US midterm elections in November. Recent US-Iran talks in New York produced limited progress, with President Donald Trump rejecting Tehran’s latest proposal to reopen the strategic waterway. However, Trump is reportedly considering sanctions relief for Iran and the unfreezing of funds if meaningful progress is made toward a nuclear agreement. Meanwhile, Saudi Arabia has reportedly restored oil flows to around 3.5 million barrels per day following repairs to a key pipeline that provides an alternative route around Hormuz.
2026-09-28