Crude oil fell nearly 4% toward $69 a barrel on Friday, the lowest since February 27, as shipping transits through the Strait of Hormuz accelerated. Volumes surged as vessels openly navigated the waterway following progress toward a US-Iran peace deal, restoring Persian Gulf exports to roughly 75% of prewar levels. Crucially, Saudi Arabia began loading tankers at its Ras Tanura terminal, signaling a major regional output ramp-up. Middle Eastern producers, including the United Arab Emirates, Kuwait, and Qatar, are boosting supply despite difficulties securing enough tankers to transport the additional crude. Iraq is also seeking a higher OPEC production quota to recoup the oil sales it lost during the war. Meanwhile, US President Donald Trump accused Iran of violating a ceasefire by shooting drones at ships in Hormuz. Crude oil recorded an over 10% weekly drop, the largest in a month.

Crude Oil fell to 69.23 USD/Bbl on June 26, 2026, down 3.74% from the previous day. Over the past month, Crude Oil's price has fallen 21.93%, but it is still 5.66% 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 June 28 of 2026.

Crude Oil fell to 69.23 USD/Bbl on June 26, 2026, down 3.74% from the previous day. Over the past month, Crude Oil's price has fallen 21.93%, but it is still 5.66% 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 69.33 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 81.74 in 12 months time.



Price Day Month Year Date
Crude Oil 69.23 -2.690 -3.74% -21.93% 5.66% Jun/26
Brent 71.99 -3.270 -4.34% -21.96% 7.77% Jun/26
Natural gas 3.28 -0.0160 -0.49% 5.95% -12.30% Jun/26
Gasoline 2.96 -0.0702 -2.32% -3.58% 42.12% Jun/26
Heating Oil 3.21 -0.0900 -2.73% -9.09% 39.05% Jun/26
Coal 143.20 -0.35 -0.24% 7.99% 34.90% Jun/25
Ethanol 1.90 0.0300 1.60% -4.76% 13.10% Jun/26
Urals Oil 60.11 1.28 2.18% -35.33% -5.74% Jun/25



Related Last Previous Unit Reference
United States API Crude Oil Stock Change -0.77 -8.33 BBL/1Million Jun 2026
Saudi Arabia Crude Oil Production 7010.00 6879.00 BBL/D/1K May 2026
United States Crude Oil Production 13696.00 13697.00 BBL/D/1K Mar 2026
Russia Crude Oil Production 9976.55 10026.55 BBL/D/1K Feb 2026
United States Crude Oil Stocks Change -6.09 -8.26 BBL/1Million Jun 2026
United States Weekly Crude Oil Production 13819.00 13806.00 Thousand Barrels Per Day Jun 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
69.23 71.92 147.27 -40.32 1983 - 2026 USD/BBL Daily

News Stream
Crude Falls on Surging Hormuz Shipments
Crude oil fell nearly 4% toward $69 a barrel on Friday, the lowest since February 27, as shipping transits through the Strait of Hormuz accelerated. Volumes surged as vessels openly navigated the waterway following progress toward a US-Iran peace deal, restoring Persian Gulf exports to roughly 75% of prewar levels. Crucially, Saudi Arabia began loading tankers at its Ras Tanura terminal, signaling a major regional output ramp-up. Middle Eastern producers, including the United Arab Emirates, Kuwait, and Qatar, are boosting supply despite difficulties securing enough tankers to transport the additional crude. Iraq is also seeking a higher OPEC production quota to recoup the oil sales it lost during the war. Meanwhile, US President Donald Trump accused Iran of violating a ceasefire by shooting drones at ships in Hormuz. Crude oil recorded an over 10% weekly drop, the largest in a month.
2026-06-26
Crude Oil Hits 17-week Low
Crude Oil decreased to 68.86 USD/Bbl, the lowest since February 2026. Over the past 4 weeks, Crude Oil WTI lost 22.2%, and in the last 12 months, it increased 5.31%.
2026-06-26
Crude Falls on Surging Hormuz Shipments
Crude oil fell nearly 4% toward $69 a barrel on Friday, the lowest since February 27, as shipping transits through the Strait of Hormuz accelerated. Volumes surged as vessels openly navigated the waterway following progress toward a US-Iran peace deal, restoring Persian Gulf exports to roughly 75% of prewar levels. Crucially, Saudi Arabia began loading tankers at its Ras Tanura terminal, signaling a major regional output ramp-up. Despite a temporary 2% price rebound on Thursday after the container ship Ever Lovely was struck by a projectile southeast of Oman, President Donald Trump confirmed the strait remains open and traffic has continued. Middle Eastern producers, including the United Arab Emirates, Kuwait, and Qatar, are boosting supply despite difficulties securing enough tankers to transport the additional crude. Iraq is also seeking a higher OPEC production quota to recoup the oil sales it lost during the war. Crude oil recorded an over 10% weekly drop, the largest in a month.
2026-06-26