Actual
92.648
Daily Change
-1.09 -1.16%
Monthly
-8.62%
Yearly
57.83%
Q4 Forecast
95.535
Crude Oil - Summary

Crude oil fell below $93 per barrel on Tuesday, ending a three-session winning streak as investors weighed the impact of Russian diesel exports against escalating geopolitical tensions. Russia partially lifted its diesel export restrictions on October 10 following an agreement with the US, helping ease supply constraints in global fuel markets. However, US lawmakers argued that President Trump’s agreement with Russian President Vladimir Putin appeared to violate US law prohibiting Russian energy imports until Moscow ends its aggression against Ukraine. Ukrainian President Volodymyr Zelenskyy also vowed to continue strikes against Russia as Moscow persists in targeting Ukraine’s energy infrastructure, breaching the “energy ceasefire” previously announced by Trump. Meanwhile, the Trump administration faces mounting pressure to support Saudi Arabia in its fight against Iran-backed Houthi militants in Yemen following missile and drone attacks on Riyadh’s main airport.

Crude Oil - Stats

Crude Oil fell to 92.59 USD/Bbl on October 13, 2026, down 1.22% from the previous day. Over the past month, Crude Oil's price has fallen 8.68%, but it is still 57.74% 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 13 of 2026.

Crude Oil - Forecast

Crude Oil fell to 92.59 USD/Bbl on October 13, 2026, down 1.22% from the previous day. Over the past month, Crude Oil's price has fallen 8.68%, but it is still 57.74% 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 95.54 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 109.89 in 12 months time.



Price Day Month Year Date
Crude Oil 92.65 -1.092 -1.16% -8.62% 57.83% Oct/13
Brent 105.47 -1.180 -1.11% -0.20% 69.05% Oct/13
Natural gas 3.17 -0.0015 -0.05% 9.31% 4.54% Oct/13
Gasoline 3.25 -0.0457 -1.39% -2.14% 77.74% Oct/13
Heating Oil 4.66 -0.0621 -1.31% -6.05% 112.10% Oct/13
Coal 149.35 0.50 0.34% 1.70% 43.06% Oct/12
Ethanol 2.07 0.0575 2.86% -0.48% 17.61% Oct/12
Urals Oil 118.23 -10.94 -8.47% 14.01% 100.76% Oct/09



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
92.59 93.74 147.27 -40.32 1983 - 2026 USD/BBL Daily

News Stream
Oil Retreats After Three-Day Rally
Crude oil fell below $93 per barrel on Tuesday, ending a three-session winning streak as investors weighed the impact of Russian diesel exports against escalating geopolitical tensions. Russia partially lifted its diesel export restrictions on October 10 following an agreement with the US, helping ease supply constraints in global fuel markets. However, US lawmakers argued that President Trump’s agreement with Russian President Vladimir Putin appeared to violate US law prohibiting Russian energy imports until Moscow ends its aggression against Ukraine. Ukrainian President Volodymyr Zelenskyy also vowed to continue strikes against Russia as Moscow persists in targeting Ukraine’s energy infrastructure, breaching the “energy ceasefire” previously announced by Trump. Meanwhile, the Trump administration faces mounting pressure to support Saudi Arabia in its fight against Iran-backed Houthi militants in Yemen following missile and drone attacks on Riyadh’s main airport.
2026-10-13
Oil Holds Gains on Heightened Supply Risks
Crude oil held above $93 per barrel on Tuesday after climbing for three consecutive sessions, underpinned by mounting supply concerns as the Middle East conflict escalates and attacks in Ukraine continue. The Trump administration is under growing pressure to assist Saudi Arabia in its fight against Iran-backed Houthi militants in Yemen following a series of missile and drone strikes on Riyadh’s main airport. The attacks killed at least 16 people, including a US citizen, and left around 300 others injured. In Eastern Europe, Ukrainian President Volodymyr Zelenskyy vowed to continue strikes against Russia as Moscow keeps targeting Ukraine’s energy infrastructure, breaching the “energy ceasefire” announced by US President Donald Trump. Meanwhile, Trump’s envoys Jared Kushner and Steve Witkoff reportedly informed Ukrainian officials that permitting controversial Russian diesel exports was part of broader efforts to bring Moscow back to the negotiating table to end the war.
2026-10-12
Crude Oil Rises for 3rd Session
Crude oil rose almost 2% to above $93.3 a barrel on Monday, extending gains for a third consecutive session as renewed attacks in Ukraine and the Middle East heightened supply concerns. Ukrainian President Volodymyr Zelenskyy said Russia had continued striking energy infrastructure, including a gas-production facility, undermining the energy ceasefire previously announced by US President Donald Trump. Zelenskyy added that Ukraine would continue its own attacks against Russian targets. Meanwhile, tensions intensified in Saudi Arabia, where authorities reported further drone and cruise missile attacks following a deadly weekend strike on Riyadh’s airport. The Saudi-led coalition also reported additional attacks linked to Iran-backed Houthi militants in Yemen. Separately, tanker attacks in the Strait of Hormuz raised concerns over shipping security, despite crude exports from the Persian Gulf remaining relatively strong.
2026-10-12