Actual
92.821
Daily Change
0.45 0.49%
Monthly
9.19%
Yearly
46.38%
Q3 Forecast
100.861
Crude Oil - Summary

Crude oil rose to around $93 per barrel on Tuesday after falling for four consecutive sessions, but held most of the decline amid easing supply concerns in the Middle East and growing diplomatic efforts to end the US-Iran war. President Donald Trump is scheduled to address the UN General Assembly in New York later today and could meet with Iranian President Masoud Pezeshkian on the sidelines. Trump is also expected to hold discussions with other Gulf nations and Chinese President Xi Jinping this week. Meanwhile, the Trump administration has proposed a $5 billion fund to help rebuild infrastructure across the Middle East damaged by the war. Saudi Arabia, meanwhile, moved crude through the Strait of Hormuz at 2.9 million barrels per day over the past six days. Satellite images also showed supertankers with a combined capacity of 14 million barrels at Saudi Arabia’s Gulf export terminals over the weekend, marking the highest tanker count observed since at least June.

Crude Oil - Stats

Crude Oil rose to 92.86 USD/Bbl on September 22, 2026, up 0.53% from the previous day. Over the past month, Crude Oil's price has risen 9.23%, and is up 46.44% 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, Crude Oil reached an all time high of 147.27 in July of 2008. Crude Oil - data, forecasts, historical chart - was last updated on September 22 of 2026.

Crude Oil - Forecast

Crude Oil rose to 92.86 USD/Bbl on September 22, 2026, up 0.53% from the previous day. Over the past month, Crude Oil's price has risen 9.23%, and is up 46.44% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Crude Oil is expected to trade at 100.86 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 119.98 in 12 months time.



Price Day Month Year Date
Crude Oil 92.82 0.451 0.49% 9.19% 46.38% Sep/22
Brent 101.03 0.687 0.68% 9.61% 49.38% Sep/22
Natural gas 2.84 0.0013 0.05% 0.08% -9.64% Sep/22
Gasoline 3.47 0.0049 0.14% 6.24% 73.21% Sep/22
Heating Oil 4.88 -0.0092 -0.19% 14.35% 109.63% Sep/22
Coal 144.05 0.05 0.03% 9.54% 38.64% Sep/21
Ethanol 2.13 0.0300 1.43% 0.47% 12.70% Sep/21
Urals Oil 115.44 2.03 1.79% 29.93% 87.52% Sep/18



Related Last Previous Unit Reference
United States API Crude Oil Stock Change 7.14 -0.30 BBL/1Million Sep 2026
Saudi Arabia Crude Oil Production 6238.00 8135.00 BBL/D/1K Aug 2026
United States Crude Oil Production 13792.00 13755.00 BBL/D/1K Jun 2026
Russia Crude Oil Production 9716.87 9826.74 BBL/D/1K May 2026
United States Crude Oil Stocks Change -0.64 -0.39 BBL/1Million Sep 2026
United States Weekly Crude Oil Production 13944.00 13947.00 Thousand Barrels Per Day Sep 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
92.86 92.37 147.27 -40.32 1983 - 2026 USD/BBL Daily

News Stream
Oil Rises After 4-Day Drop
Crude oil rose to around $93 per barrel on Tuesday after falling for four consecutive sessions, but held most of the decline amid easing supply concerns in the Middle East and growing diplomatic efforts to end the US-Iran war. President Donald Trump is scheduled to address the UN General Assembly in New York later today and could meet with Iranian President Masoud Pezeshkian on the sidelines. Trump is also expected to hold discussions with other Gulf nations and Chinese President Xi Jinping this week. Meanwhile, the Trump administration has proposed a $5 billion fund to help rebuild infrastructure across the Middle East damaged by the war. Saudi Arabia, meanwhile, moved crude through the Strait of Hormuz at 2.9 million barrels per day over the past six days. Satellite images also showed supertankers with a combined capacity of 14 million barrels at Saudi Arabia’s Gulf export terminals over the weekend, marking the highest tanker count observed since at least June.
2026-09-21
Oil Extends Losses on US-Iran Diplomacy Hopes
Crude oil fell below $95.5 a barrel on Monday, extending losses for a fourth session after US President Trump reportedly decided against bombing Yemen for now and indicated he was open to diplomacy with Iran. Trump reportedly rejected calls from Saudi Arabia to strike the Houthis and said he would probably be open to meeting Iranian President Masoud Pezeshkian during this week’s UN General Assembly in New York. Meanwhile, crude exports from the Middle East have proven resilient even after Saudi Arabia closed its East-West pipeline following attacks. Saudi Arabia moved crude through the Strait of Hormuz at 2.9 million barrels a day over the past six days. Satellite images showed supertankers with capacity for 14 million barrels at Saudi Arabia’s Gulf export terminals over the weekend, the highest tanker count observed since at least June. Overall, however, traffic through the Strait of Hormuz continued to decline.
2026-09-21
Crude Oil Falls for 4th Session
Crude oil fell to around $95.5 a barrel on Monday, extending losses for a fourth session as traders focused on diplomatic efforts to de-escalate the US-Iran conflict and signs that oil and LNG shipments through the Strait of Hormuz remain resilient. President Donald Trump said he would probably be open to meeting Iranian President Masoud Pezeshkian during this week’s UN General Assembly in New York. Trump may also meet with other Persian Gulf leaders, while he is scheduled to hold a summit with Chinese President Xi Jinping. Meanwhile, US Central Command chief Admiral Brad Cooper said crude and LNG flows through Hormuz have reached a six-month high, with the main transit lanes clear of mines. Middle East oil flows averaged 17.1 million barrels per day over the past 10 days, despite Saudi Arabia’s East-West pipeline remaining disrupted after recent attacks.
2026-09-21