Actual
103.417
Daily Change
-2.41 -2.28%
Monthly
22.39%
Yearly
62.35%
Q3 Forecast
100.956
Crude Oil - Summary

Crude oil fell to around $104 a barrel on Wednesday, retreating after two consecutive sessions of gains as signs of rising US inventories weighed on the market. The American Petroleum Institute reported a 7.1 million-barrel increase in US crude stockpiles last week, alongside higher gasoline and distillate inventories, with official government data due later in the day. Supply concerns nevertheless remain elevated. Saudi Arabia’s East-West pipeline remains offline, although US Energy Secretary Chris Wright said the outage should last only a matter of days. Iran-backed Houthi militants are advancing towards the Bab el-Mandeb Strait while intensifying attacks on Saudi targets and regional shipping routes. The disruption has reportedly prompted Saudi Aramco to delay some deliveries to European customers, increasing competition for alternative supplies. Libya also experienced a supply halt.

Crude Oil - Stats

Crude Oil fell to 103.75 USD/Bbl on September 16, 2026, down 1.97% from the previous day. Over the past month, Crude Oil's price has risen 22.78%, and is up 62.87% 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 16 of 2026.

Crude Oil - Forecast

Crude Oil fell to 103.75 USD/Bbl on September 16, 2026, down 1.97% from the previous day. Over the past month, Crude Oil's price has risen 22.78%, and is up 62.87% 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 100.96 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 119.45 in 12 months time.



Price Day Month Year Date
Crude Oil 103.42 -2.413 -2.28% 22.39% 62.35% Sep/16
Brent 107.18 -1.575 -1.45% 17.94% 57.73% Sep/16
Natural gas 2.93 0.0143 0.49% 9.04% -5.38% Sep/16
Gasoline 3.43 -0.0310 -0.89% 5.02% 69.55% Sep/16
Heating Oil 5.25 -0.0139 -0.26% 18.28% 122.87% Sep/16
Coal 144.60 -2.25 -1.53% 11.83% 42.11% Sep/15
Ethanol 2.08 0 0% 2.21% 3.74% Sep/15
Urals Oil 111.77 5.32 5.00% 32.12% 76.52% Sep/15



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 -0.39 -4.45 BBL/1Million Sep 2026
United States Weekly Crude Oil Production 13947.00 13862.00 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
103.75 105.83 147.27 -40.32 1983 - 2026 USD/BBL Daily

News Stream
Oil Pulls Back after 2-Day Gain as US Inventories Rise
Crude oil fell to around $104 a barrel on Wednesday, retreating after two consecutive sessions of gains as signs of rising US inventories weighed on the market. The American Petroleum Institute reported a 7.1 million-barrel increase in US crude stockpiles last week, alongside higher gasoline and distillate inventories, with official government data due later in the day. Supply concerns nevertheless remain elevated. Saudi Arabia’s East-West pipeline remains offline, although US Energy Secretary Chris Wright said the outage should last only a matter of days. Iran-backed Houthi militants are advancing towards the Bab el-Mandeb Strait while intensifying attacks on Saudi targets and regional shipping routes. The disruption has reportedly prompted Saudi Aramco to delay some deliveries to European customers, increasing competition for alternative supplies. Libya also experienced a supply halt.
2026-09-16
Oil Pulls Back as US Inventories Rise
Crude oil fell below $105 per barrel on Wednesday, retreating from four-month highs after industry data showed a surprise increase in US crude inventories despite widening supply disruptions in the Middle East. API data showed US crude stockpiles surged by 7.14 million barrels last week following a 300,000-barrel decline in the previous week, defying expectations for another drawdown. Meanwhile, oil loadings at Saudi Arabia’s Yanbu port remained suspended following the shutdown of the crucial East-West pipeline. There is still no clear timeline for when operations at the key pipeline, which provides an alternative route around the Strait of Hormuz, will resume, as Iran-backed Houthi militants renewed attacks on Saudi Arabia this week. In Libya, the national oil company also suspended operations at two oilfields and a pumping station amid ongoing protests. Despite the disruptions, Libya’s overall oil output has remained largely stable at roughly 1.4 million barrels per day.
2026-09-16
Oil Hovers Near 4-Month Highs
Crude oil eased below $105 per barrel on Wednesday in likely technical correction, but remained close to its highest levels in over four months amid broadening supply disruptions in the Middle East. Saudi Arabia reportedly cancelled some shipments after drone attacks forced the closure of the East-West pipeline, notifying European customers that several September deliveries had been scrapped. There is still no clear timeline for when operations at the key pipeline, which provides an alternative route around the Strait of Hormuz, will resume, as Iran-backed Houthi militants renewed attacks on Saudi Arabia this week. In Libya, the national oil company also suspended operations at two oilfields and a pumping station amid ongoing protests. Beyond the Middle East, Russia struck petrol stations in Kyiv, while Ukraine targeted a Russian oil refinery, despite US President Trump’s announcement that both sides had agreed to halt attacks on each other’s energy infrastructure.
2026-09-15