Actual
91.660
Daily Change
0.17 0.19%
Monthly
-10.56%
Yearly
55.62%
Q4 Forecast
95.282
Crude Oil - Summary

Crude prices wavered near $91.50 a barrel on Friday after US President Trump said Russian President Putin had agreed to release diesel supplies into the global market. The US Treasury Department said the Office of Foreign Assets Control was “immediately issuing a temporary general license” to allow Russian diesel supplies to reach global markets. The proposed volume would amount to about 22.5 million barrels. Meanwhile, the US-Iran conflict has strained shipping, with a large tanker fleet tied up in ship-to-ship transfers outside the Strait of Hormuz, pushing global freight rates to record highs and reducing vessel availability on other routes. Eleven tankers came under attack while transiting Hormuz during the week that ended October 4th. Trump said earlier this week that he would not strike Iran again before the November midterm elections, citing what he described as productive discussions with Tehran. On the week, oil added around 0.2%.

Crude Oil - Stats

Crude Oil rose to 91.66 USD/Bbl on October 9, 2026, up 0.19% from the previous day. Over the past month, Crude Oil's price has fallen 10.56%, but it is still 55.62% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Crude Oil reached an all time high of 147.27 in July of 2008. Crude Oil - data, forecasts, historical chart - was last updated on October 10 of 2026.

Crude Oil - Forecast

Crude Oil rose to 91.66 USD/Bbl on October 9, 2026, up 0.19% from the previous day. Over the past month, Crude Oil's price has fallen 10.56%, but it is still 55.62% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Crude Oil is expected to trade at 95.28 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 109.20 in 12 months time.



Price Day Month Year Date
Crude Oil 91.66 0.170 0.19% -10.56% 55.62% Oct/09
Brent 104.43 0.150 0.14% -2.97% 66.48% Oct/09
Natural gas 3.20 0.0333 1.05% 12.96% 3.07% Oct/09
Gasoline 3.27 -0.0412 -1.24% -3.49% 81.13% Oct/09
Heating Oil 4.68 -0.2001 -4.10% -7.41% 112.43% Oct/09
Coal 148.85 -0.60 -0.40% 0.57% 42.37% Oct/09
Ethanol 2.01 -0.0325 -1.59% -2.07% 13.70% Oct/09
Urals Oil 129.17 5.24 4.23% 34.92% 112.42% Oct/08



Related Last Previous Unit Reference
United States API Crude Oil Stock Change -2.09 1.02 BBL/1Million Oct 2026
Saudi Arabia Crude Oil Production 6238.00 8135.00 BBL/D/1K Aug 2026
United States Crude Oil Production 13948.00 13844.00 BBL/D/1K Jul 2026
Russia Crude Oil Production 9582.00 9716.87 BBL/D/1K Jun 2026
United States Crude Oil Stocks Change -3.19 0.92 BBL/1Million Oct 2026
United States Weekly Crude Oil Production 13979.00 13955.00 Thousand Barrels Per Day Oct 2026

Crude Oil
Crude oil is one of the most widely followed commodities in the world due to its central role in the global economy. It is a key source of energy, a critical input for transportation and manufacturing, and a major driver of inflation and geopolitical dynamics. As a result, movements in oil prices are closely monitored by governments, businesses, and investors alike. West Texas Intermediate (WTI) crude oil is classified as light and sweet, where “light” refers to its low density and “sweet” indicates its low sulfur content. The delivery point for WTI crude oil futures is the Cushing Hub in Oklahoma, and each futures contract represents 1,000 barrels of crude oil. Crude oil 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 WTI crude oil prices. Official pricing and settlement data for WTI crude oil futures should be obtained directly from NYMEX. 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
91.66 91.49 147.27 -40.32 1983 - 2026 USD/BBL Daily

News Stream
Oil Wavers on Potential Russian Diesel Release
Crude prices wavered near $91.50 a barrel on Friday after US President Trump said Russian President Putin had agreed to release diesel supplies into the global market. The US Treasury Department said the Office of Foreign Assets Control was “immediately issuing a temporary general license” to allow Russian diesel supplies to reach global markets. The proposed volume would amount to about 22.5 million barrels. Meanwhile, the US-Iran conflict has strained shipping, with a large tanker fleet tied up in ship-to-ship transfers outside the Strait of Hormuz, pushing global freight rates to record highs and reducing vessel availability on other routes. Eleven tankers came under attack while transiting Hormuz during the week that ended October 4th. Trump said earlier this week that he would not strike Iran again before the November midterm elections, citing what he described as productive discussions with Tehran. On the week, oil added around 0.2%.
2026-10-09
Crude Oil Rebounds on Friday
Crude oil inched up toward $92 per barrel on Friday, holding gains from the previous session as mounting supply risks counterbalanced temporary relief that the US would not escalate the conflict against Iran this month. Freight costs for tankers crossing the Persian Gulf soared to record highs, and traffic through the Strait of Hormuz declined as maritime agencies flagged a series of attacks on vessels in the area. Ongoing conflict across the Middle East continued to disrupt OPEC+ output, curtailing crude flows to major refining hubs. Adding to supply concerns, recent EIA data showed that the US Strategic Petroleum Reserve fell to a near-record low. Meanwhile, Hurricane Isaias forced operators in the Gulf of Mexico to shut in over 60% of the region's crude production capacity. These disruptions overshadowed the brief pullback triggered when US President Trump indicated that Iran would not face strikes before the midterm elections on November 3rd.
2026-10-09
Crude Oil Around $91
Crude oil prices fell to $91 a barrel on Friday, after a 3.6% gain in the previous session, amid easing concerns over Middle East supply disruptions. US President Trump said that Washington was engaged in “productive discussions” with Iran and would refrain from attacking the country ahead of the midterm elections. Meanwhile, reports indicated that Tehran’s foreign minister said Iran was reviewing the US response to its proposal to reopen the Strait of Hormuz within seven days. Adding to the downward pressure, China is set to resume refined fuel exports in October following a brief suspension during the Golden Week holiday. On the other hand, threats to shipping through the Gulf and the Strait of Hormuz persist and supply risks continued in the Gulf of Mexico, where Hurricane Isaias forced producers to shut in approximately 1.3 million bpd as of Thursday, according to the US Marine Minerals Administration. For the week, crude oil prices were little changed.
2026-10-09