Actual
92.746
Daily Change
-1.86 -1.97%
Monthly
12.79%
Yearly
41.12%
Q3 Forecast
100.861
Crude Oil - Summary

Crude oil eased to around $92 a barrel on Friday after Iran called on the US to return to an interim peace deal that failed to end the war over the summer. A sequenced agreement would resemble the memorandum of understanding reached by the US and Iran in mid-June, which led to a fragile ceasefire that collapsed weeks later. Iran’s foreign minister proposed reopening the Strait of Hormuz and resuming nuclear talks with the US within seven days if the Trump administration accepts its conditions, including lifting the naval blockade, unfreezing Iranian assets, and ending the war “on all fronts.” Oil flows through Hormuz reached 33.7 million barrels this week, putting exports roughly on track with the previous week’s levels. Oil markets have remained volatile this week amid mixed signals over peace prospects, signs of recovering Middle East energy flows, and speculation that the US could restrict diesel exports. Despite recent gains, the US oil benchmark is down around 7.4% on the week.

Crude Oil - Stats

Crude Oil fell to 92.68 USD/Bbl on September 25, 2026, down 2.04% from the previous day. Over the past month, Crude Oil's price has risen 12.71%, and is up 41.03% 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 25 of 2026.

Crude Oil - Forecast

Crude Oil fell to 92.68 USD/Bbl on September 25, 2026, down 2.04% from the previous day. Over the past month, Crude Oil's price has risen 12.71%, and is up 41.03% 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 92.75 -1.864 -1.97% 12.79% 41.12% Sep/25
Brent 104.66 -1.937 -1.82% 20.39% 51.20% Sep/25
Natural gas 3.18 -0.1128 -3.42% 10.79% -0.68% Sep/25
Gasoline 3.41 -0.1543 -4.33% 15.19% 67.37% Sep/25
Heating Oil 4.83 0.1022 2.16% 16.58% 99.96% Sep/25
Coal 143.50 -1.20 -0.83% 9.00% 36.60% Sep/24
Ethanol 2.10 -0.0175 -0.83% 1.69% 12.30% Sep/25
Urals Oil 113.61 3.92 3.57% 40.31% 78.44% Sep/24



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 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
92.68 94.61 147.27 -40.32 1983 - 2026 USD/BBL Daily

News Stream
Oil Nears $92 on Hopes Over US-Iran Talks
Crude oil eased to around $92 a barrel on Friday after Iran called on the US to return to an interim peace deal that failed to end the war over the summer. A sequenced agreement would resemble the memorandum of understanding reached by the US and Iran in mid-June, which led to a fragile ceasefire that collapsed weeks later. Iran’s foreign minister proposed reopening the Strait of Hormuz and resuming nuclear talks with the US within seven days if the Trump administration accepts its conditions, including lifting the naval blockade, unfreezing Iranian assets, and ending the war “on all fronts.” Oil flows through Hormuz reached 33.7 million barrels this week, putting exports roughly on track with the previous week’s levels. Oil markets have remained volatile this week amid mixed signals over peace prospects, signs of recovering Middle East energy flows, and speculation that the US could restrict diesel exports. Despite recent gains, the US oil benchmark is down around 7.4% on the week.
2026-09-25
Oil Retreats on Talks of a Phased Deal
Crude oil eased below $94 a barrel on Friday as US and Iranian negotiators explored a phased agreement to reopen the Strait of Hormuz. The proposed arrangement would reportedly involve Tehran restoring access through the strait while Washington lifts its blockade of Iranian ports. However, previous negotiations have repeatedly appeared close to a breakthrough before collapsing. A White House official said President Donald Trump remained open to discussions with Iran but argued that the US was under no pressure to negotiate given its sanctions campaign and blockade. Oil markets have remained volatile throughout the week, responding to mixed signals over prospects for peace, signs of recovering Middle East energy flows and speculation that Washington could restrict diesel exports. Despite recent gains, the US oil benchmark is down by around 2% this week, reflecting continued uncertainty over the potential reopening of the key shipping route and the broader supply outlook.
2026-09-25
Oil Retreats on Talks of a Phased Deal
Crude oil fell to $93 per barrel on Friday, snapping a two-day rally amid reports that the US and Iran were considering a phased deal that could reopen the Strait of Hormuz and lift a US blockade on Iranian ports. Efforts to reach a breakthrough were reportedly underway on the sidelines of the UN General Assembly, with Qatari officials mediating the talks. Iran has maintained that it must retain control over Hormuz and would not accept a deal unless the US eases military pressure and removes its blockade. Meanwhile, a White House official said President Donald Trump remained open to talks with Iran but stressed that the US had little need to negotiate given its strong position following the sanctions campaign and blockade. Elsewhere, tensions in the Middle East escalated after Iran-aligned Houthi militants in Yemen launched missiles toward Saudi cities, including Yanbu and Taif. Despite recent gains, the US oil benchmark remains on track to decline about 2% for the week.
2026-09-24