Actual
86.769
Daily Change
-0.06 -0.07%
Monthly
-0.07%
Yearly
36.30%
Q3 Forecast
84.295
Crude Oil - Summary

Crude oil was little changed around $94 a barrel on Friday, as investors assessed signs that Iran may be seeking an end to the conflict with the US. Iranian President Masoud Pezeshkian said Tehran would prefer to conclude the war while it remains in a position of strength, describing the existing memorandum with Washington as a victory for Iran. The comments provided some relief after Treasury Secretary Scott Bessent said the US would impose its toughest-ever sanctions on Tehran and intensify economic pressure on the Iranian regime. Amidst the conflicting signals, oil prices rose more than 5% for the second week. Meanwhile, the US military said it had helped tankers transport more than 660 million barrels of crude through the Strait of Hormuz since early May, suggesting that substantial volumes continue to move through the critical energy corridor despite the conflict and heightened geopolitical risks.

Crude Oil - Stats

Crude Oil fell to 86.73 USD/Bbl on August 21, 2026, down 0.11% from the previous day. Over the past month, Crude Oil's price has fallen 0.11%, but it is still 36.24% 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 August 21 of 2026.

Crude Oil - Forecast

Crude Oil fell to 86.73 USD/Bbl on August 21, 2026, down 0.11% from the previous day. Over the past month, Crude Oil's price has fallen 0.11%, but it is still 36.24% 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 84.30 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 98.26 in 12 months time.



Price Day Month Year Date
Crude Oil 86.77 -0.061 -0.07% -0.07% 36.30% Aug/21
Brent 94.04 0.261 0.28% -0.03% 38.85% Aug/21
Natural gas 2.75 0.0217 0.79% -5.82% -1.62% Aug/21
Gasoline 3.32 0.0608 1.86% -2.66% 54.05% Aug/21
Heating Oil 4.46 -0.0162 -0.36% 7.60% 93.41% Aug/21
Coal 130.50 0.75 0.58% -0.31% 17.99% Aug/20
Ethanol 2.08 0.0350 1.72% 8.07% 16.90% Aug/20
Urals Oil 86.32 -2.53 -2.85% 18.05% 36.80% Aug/20



Related Last Previous Unit Reference
United States API Crude Oil Stock Change -3.28 9.07 BBL/1Million Aug 2026
Saudi Arabia Crude Oil Production 7420.00 6637.00 BBL/D/1K Jul 2026
United States Crude Oil Production 13714.00 13967.00 BBL/D/1K May 2026
Russia Crude Oil Production 9826.74 9976.61 BBL/D/1K Apr 2026
United States Crude Oil Stocks Change 4.41 17.42 BBL/1Million Aug 2026
United States Weekly Crude Oil Production 13830.00 13805.00 Thousand Barrels Per Day Aug 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
86.73 86.83 147.27 -40.32 1983 - 2026 USD/BBL Daily

News Stream
Oil Holds Near Highs as Iran Conflict Uncertainty Persists
Crude oil was little changed around $94 a barrel on Friday, as investors assessed signs that Iran may be seeking an end to the conflict with the US. Iranian President Masoud Pezeshkian said Tehran would prefer to conclude the war while it remains in a position of strength, describing the existing memorandum with Washington as a victory for Iran. The comments provided some relief after Treasury Secretary Scott Bessent said the US would impose its toughest-ever sanctions on Tehran and intensify economic pressure on the Iranian regime. Amidst the conflicting signals, oil prices rose more than 5% for the second week. Meanwhile, the US military said it had helped tankers transport more than 660 million barrels of crude through the Strait of Hormuz since early May, suggesting that substantial volumes continue to move through the critical energy corridor despite the conflict and heightened geopolitical risks.
2026-08-21
Crude Oil Rises for Second Straight Week
Crude oil traded just below $87 a barrel on Friday, heading for a second consecutive weekly gain of around 5%. Prices remained supported by expectations of further US pressure on Iran, with no clear end to the conflict that has disrupted Middle Eastern energy flows. Treasury Secretary Scott Bessent said details of Washington’s new measures to isolate Iran’s economy would be announced next Monday, after President Donald Trump described the initiative as an “economic D-Day.” The measures could affect countries that continue trading with Tehran, including China, the largest buyer of Iranian crude. Beijing has rejected economic pressure and called for a diplomatic solution. Supply concerns are also being reinforced by disruptions to Russia’s energy sector, where Ukrainian attacks on refineries and ports have affected fuel production and contributed to shortages in some regions.
2026-08-21
Oil Set for Second Straight Weekly Rise
Crude oil traded above $86 per barrel on Friday and was on track to post a second consecutive weekly gain, rising nearly 6% so far this week. The gains came as the US-Iran conflict showed no signs of abating, with the two sides locked in a dispute over the Strait of Hormuz. The US is moving to isolate Iran’s economy in what President Donald Trump described as an "economic D-day,” with details of the initiative expected on Monday. The proposed measures are likely designed to cut Tehran off from international financial and commercial channels, including banks, businesses, shipping registries, cash transfers and smuggling networks. Washington aims to increase economic pressure on Iran and push Tehran toward negotiations over the conflict, its nuclear programme and control of Hormuz. Elsewhere, a series of Ukrainian strikes on Russian energy infrastructure has caused fuel shortages in some regions, adding further pressure to global oil markets.
2026-08-20