Actual
92.643
Daily Change
1.64 1.81%
Monthly
8.98%
Yearly
42.55%
Q3 Forecast
100.861
Crude Oil - Summary

Crude oil rose above $92.5 a barrel on Wednesday after five consecutive sessions of losses, as uncertainty persisted over progress in US-Iran talks. Iran’s President Masoud Pezeshkian said at the UN General Assembly that Tehran remained open to diplomacy but would not negotiate under pressure, while Iran’s military warned it was ready to launch “more crushing” strikes in response to Trump's threats to annihilate Iran earlier this week in his UN adress. Trump’s threats were followed by what he described as productive talks with Iranian envoys, while Tehran has indicated it could reopen the strait if Washington eases military pressure and lifts restrictions on Iranian ports. Saudi Arabia’s partial restoration of its East-West pipeline is helping offset some supply concerns. Also, Ukrainian President Zelenskyy called on US President Trump to organize a trilateral meeting with Russian President Putin. Zelenskyy also said that the he and Trump discussed an energy ceasefire.

Crude Oil - Stats

Crude Oil rose to 92.66 USD/Bbl on September 23, 2026, up 2.37% from the previous day. Over the past month, Crude Oil's price has risen 9.00%, and is up 42.58% 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 23 of 2026.

Crude Oil - Forecast

Crude Oil rose to 92.66 USD/Bbl on September 23, 2026, up 2.37% from the previous day. Over the past month, Crude Oil's price has risen 9.00%, and is up 42.58% 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 92.64 1.640 1.81% 8.98% 42.55% Sep/23
Brent 103.30 3.830 3.86% 12.07% 49.04% Sep/23
Natural gas 3.04 0.0739 2.49% 7.19% -3.00% Sep/23
Gasoline 3.60 0.1141 3.27% 10.11% 79.05% Sep/23
Heating Oil 4.83 -0.1657 -3.35% 13.18% 103.19% Sep/23
Coal 145.40 1.35 0.94% 10.57% 40.35% Sep/22
Ethanol 2.12 -0.0025 -0.12% -0.12% 12.33% Sep/23
Urals Oil 107.23 -0.27 -0.25% 23.95% 71.54% Sep/22



Related Last Previous Unit Reference
United States API Crude Oil Stock Change 1.79 7.14 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 2.97 -0.64 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
92.66 90.52 147.27 -40.32 1983 - 2026 USD/BBL Daily

News Stream
Oil Extends Gains Amid Geopolitical Uncertainty
Crude oil rose above $92.5 a barrel on Wednesday after five consecutive sessions of losses, as uncertainty persisted over progress in US-Iran talks. Iran’s President Masoud Pezeshkian said at the UN General Assembly that Tehran remained open to diplomacy but would not negotiate under pressure, while Iran’s military warned it was ready to launch “more crushing” strikes in response to Trump's threats to annihilate Iran earlier this week in his UN adress. Trump’s threats were followed by what he described as productive talks with Iranian envoys, while Tehran has indicated it could reopen the strait if Washington eases military pressure and lifts restrictions on Iranian ports. Saudi Arabia’s partial restoration of its East-West pipeline is helping offset some supply concerns. Also, Ukrainian President Zelenskyy called on US President Trump to organize a trilateral meeting with Russian President Putin. Zelenskyy also said that the he and Trump discussed an energy ceasefire.
2026-09-23
Crude Oil Snaps 5-Day Losing Streak
Crude oil rose above $92 a barrel on Wednesday after five consecutive sessions of losses, as uncertainty persisted over whether a formal agreement to reopen the Strait of Hormuz was possible. Iran’s President Pezeshkian used his address to the UN General Assembly to reject restrictions on Iran’s civilian nuclear program and reiterate Tehran’s opposition to a US military presence in the Middle East. He also said Iran remained open to dialogue and diplomacy but would not accept negotiations under pressure. Meanwhile, Saudi Arabia is preparing to restart exports through its East-West pipeline in the coming days. On the supply side, US crude inventories rose by 2.969 million barrels to 426.4 million barrels last week, according to the EIA, compared with expectations for a 641,000-barrel draw. The increase exceeded the 1.8-million-barrel build reported by the API, while gasoline and distillate stocks declined.
2026-09-23
Crude Oil Fluctuates After 5-Session Losing Streak
Crude oil fluctuated around $90 a barrel on Wednesday, after five consecutive sessions of losses, as markets assessed efforts to restore oil flows disrupted by the conflict in the Middle East. Saudi Arabia is preparing to restart exports through its critical East-West pipeline in the coming days, potentially allowing the kingdom to bypass the contested Strait of Hormuz and increase outbound shipments. At the same time, US President Donald Trump said American officials had held a “very productive” meeting with Iranian envoys and indicated that further talks were planned, despite his tough rhetoric toward Tehran during a United Nations speech. Meanwhile, the API reported a 1.8-million-barrel increase in nationwide crude stockpiles, while gasoline and distillate inventories declined. Investors are now awaiting official US Energy Information Administration data later Wednesday for further indications of supply and demand conditions.
2026-09-23