Actual
89.074
Daily Change
-3.66 -3.95%
Monthly
3.86%
Yearly
42.82%
Q3 Forecast
92.599
Crude Oil - Summary

Crude oil fell toward $89 a barrel on Tuesday after the US ordered another release from its emergency reserves and as Saudi Arabia’s crude exports recover. The US will offer up to 40 million barrels from the SPR in an exchange, effectively a loan that companies repay with interest. The Energy Department said the program will ultimately return about 200 million barrels to the reserve over the next year, roughly 20% more than the amount released. Bids for the SPR release are due October 6th. Energy Secretary Wright has signaled that another drawdown is unlikely. The SPR is projected to fall to its lowest level since 1982 once the latest release is completed. Meanwhile, Saudi Arabia boosted flows through its key pipeline, reportedly restoring about half of its capacity following drone attacks. A steady flow of crude also appears to be moving through the Hormuz on vessels transiting covertly. US and Iranian officials have reportedly held separate indirect talks with mediators on Monday.

Crude Oil - Stats

Crude Oil fell to 88.92 USD/Bbl on September 29, 2026, down 3.97% from the previous day. Over the past month, Crude Oil's price has risen 3.69%, and is up 42.57% 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 29 of 2026.

Crude Oil - Forecast

Crude Oil fell to 88.92 USD/Bbl on September 29, 2026, down 3.97% from the previous day. Over the past month, Crude Oil's price has risen 3.69%, and is up 42.57% 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 92.60 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 110.62 in 12 months time.



Price Day Month Year Date
Crude Oil 89.07 -3.660 -3.95% 3.86% 42.82% Sep/29
Brent 96.39 -2.610 -2.48% 6.52% 45.98% Sep/29
Natural gas 3.01 -0.0954 -3.07% 2.58% -8.85% Sep/29
Gasoline 3.01 -0.3304 -9.90% -2.27% 56.83% Sep/29
Heating Oil 4.86 0.1231 2.59% 10.27% 109.27% Sep/29
Coal 146.00 2.25 1.57% 3.00% 36.77% Sep/28
Ethanol 2.11 -0.0225 -1.06% 2.55% 5.90% Sep/28
Urals Oil 110.94 0.40 0.36% 36.93% 75.98% Sep/28



Related Last Previous Unit Reference
United States API Crude Oil Stock Change 1.02 1.79 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 13939.00 13944.00 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
88.92 92.60 147.27 -40.32 1983 - 2026 USD/BBL Daily

News Stream
Crude Oil is down by 4%
Crude Oil decreased 4% to 88.897 USD/Bbl
2026-09-29
Oil Falls as SPR Release Boosts Supply
Crude oil fell toward $89 a barrel on Tuesday after the US ordered another release from its emergency reserves and as Saudi Arabia’s crude exports recover. The US will offer up to 40 million barrels from the SPR in an exchange, effectively a loan that companies repay with interest. The Energy Department said the program will ultimately return about 200 million barrels to the reserve over the next year, roughly 20% more than the amount released. Bids for the SPR release are due October 6th. Energy Secretary Wright has signaled that another drawdown is unlikely. The SPR is projected to fall to its lowest level since 1982 once the latest release is completed. Meanwhile, Saudi Arabia boosted flows through its key pipeline, reportedly restoring about half of its capacity following drone attacks. A steady flow of crude also appears to be moving through the Hormuz on vessels transiting covertly. US and Iranian officials have reportedly held separate indirect talks with mediators on Monday.
2026-09-29
Oil Falls on Tuesday
Crude oil fell toward $90 a barrel on Tuesday as markets weighed efforts to ease Middle East tensions. US and Iranian officials have continued separate discussions with mediators, including indirect contacts through Qatar, as regional governments push for ceasefire negotiations. However, Iranian officials have privately expressed doubts that an agreement can be reached before the US midterm elections in November. President Donald Trump has rejected an Iranian proposal to restore full traffic through Hormuz and denied reports that Washington offered sanctions relief in exchange for nuclear concessions. Meanwhile, Saudi Arabia has restored roughly half the flows through its East-West pipeline, with shipments to the Red Sea reaching at least 3.5 million barrels a day. The route provides a crucial alternative to exports through the Strait of Hormuz and is helping offset the lack of progress in diplomatic talks.
2026-09-29