Actual
97.773
Daily Change
0.61 0.63%
Monthly
11.46%
Yearly
47.27%
Q3 Forecast
97.409
Brent oil - Summary

Brent crude rose to $98 a barrel on Tuesday, the highest since July 23, after Saudi Arabia reported attacks that halted operations at several energy facilities in the south of the kingdom. The state-run Saudi Press Agency said the strikes wounded several people, while Iran-backed Houthi militants claimed responsibility for targeting the 400,000-barrel-a-day Jazan refinery and other facilities serving the domestic market. The attacks add to concerns over further disruption to global oil supplies amid ongoing Houthi strikes and the war involving Iran. Tensions are also rising around the Strait of Hormuz, where Iran said an agreement with Oman could soon provide a temporary safe-passage route, while warning that ships remain at risk of attack. Meanwhile, Chinese crude imports strengthened in August, with refiners increasing purchases from the Persian Gulf and other sources. Higher imports have enabled China to export more refined products, providing some relief to global oil markets.

Brent oil - Stats

Brent rose to 97.79 USD/Bbl on September 8, 2026, up 0.65% from the previous day. Over the past month, Brent's price has risen 11.48%, and is up 47.30% 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, Brent oil reached an all time high of 147.50 in July of 2008. Brent oil - data, forecasts, historical chart - was last updated on September 8 of 2026.

Brent oil - Forecast

Brent rose to 97.79 USD/Bbl on September 8, 2026, up 0.65% from the previous day. Over the past month, Brent's price has risen 11.48%, and is up 47.30% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Brent oil is expected to trade at 97.41 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 113.59 in 12 months time.



Price Day Month Year Date
Crude Oil 92.82 1.336 1.46% 13.01% 48.20% Sep/08
Brent 97.72 0.562 0.58% 11.40% 47.19% Sep/08
Natural gas 2.88 -0.0925 -3.11% 3.17% -7.52% Sep/08
Gasoline 3.32 0.1007 3.13% 5.74% 65.93% Sep/08
Heating Oil 4.61 0.0725 1.60% 10.09% 98.83% Sep/08
Coal 147.75 -0.90 -0.61% 14.53% 39.65% Sep/07
Ethanol 2.08 -0.0175 -0.83% 7.63% 6.12% Sep/04
Naphtha 788.59 5.61 0.72% 17.92% 42.69% Sep/04
Propane 0.80 -0.01 -0.69% 18.27% 14.63% Sep/04
Uranium 89.50 0 0% 3.65% 17.45% Sep/04
Methanol 3,465.00 165.00 5.00% 37.06% 54.21% Sep/08
Urals Oil 89.44 3.37 3.92% 9.25% 48.77% Sep/07


Brent oil
Brent crude oil is one of the principal benchmark prices for oil traded globally. Originating from the North Sea, Brent serves as a key pricing reference for crude oil produced in Europe, Africa, and the Middle East, particularly for supplies moving westward. Due to its broad use in international trade, Brent is widely regarded as a global benchmark for oil pricing. Brent crude is typically classified as light and sweet, meaning it has relatively low density and sulfur content, making it easier to refine into products such as gasoline and diesel. Brent 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 Brent crude benchmarks. 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
97.79 97.16 147.50 2.23 1970 - 2026 USD/BBL Daily

News Stream
Brent Crude Tops $98
Brent crude rose to $98 a barrel on Tuesday, the highest since July 23, after Saudi Arabia reported attacks that halted operations at several energy facilities in the south of the kingdom. The state-run Saudi Press Agency said the strikes wounded several people, while Iran-backed Houthi militants claimed responsibility for targeting the 400,000-barrel-a-day Jazan refinery and other facilities serving the domestic market. The attacks add to concerns over further disruption to global oil supplies amid ongoing Houthi strikes and the war involving Iran. Tensions are also rising around the Strait of Hormuz, where Iran said an agreement with Oman could soon provide a temporary safe-passage route, while warning that ships remain at risk of attack. Meanwhile, Chinese crude imports strengthened in August, with refiners increasing purchases from the Persian Gulf and other sources. Higher imports have enabled China to export more refined products, providing some relief to global oil markets.
2026-09-08
Brent Extends Gains as Iran-Oman Hormuz Deal Nears
Brent crude climbed above $98 per barrel on Tuesday, scaling its highest levels in six weeks after Iran said an agreement with Oman to manage shipping through the Strait of Hormuz was nearing completion, fueling concerns over Tehran’s growing control of the key waterway. Markets were also focused on how the US might respond after striking Iranian tankers in the strait over the weekend. Oil prices surged nearly 10% last week as renewed US-Iran fighting raised fears of further disruptions to energy supplies from the Middle East. Both sides stepped up attacks over the weekend, targeting ships and military vessels around Hormuz. Saudi Aramco’s facilities in Jazan near the Red Sea were also attacked again on Monday, although the damage was limited. Despite the heightened risks, oil continues to flow out of the Persian Gulf, with roughly 7 million barrels a day of crude and refined products reportedly passing through the Strait of Hormuz.
2026-09-07
Brent Crude Rises to 6-Week High
Brent crude rose to $97.5 per barrel on Monday, a six-week high and nearly 40% above levels from before the outbreak of the war in Iran, to reflect expectations of prolonged periods of tight supply. Reports from the FT showed Saudi Aramco oil facilities were hit in fresh attacks on Monday. Also, Iran said it was close to agreeing on a tanker route through the Strait of Hormuz with Oman. The consistent hawkish rhetoric against the corridor by the US added to escalatory risks as the US and Iran continued to strike each others' military and commercial vessels. Energy Secretary Chris Wright said Washington would maintain its naval presence and blockade. A greater rebound to crude prices were prevented by major economies tapping on inventory to tame higher import turnover. The US SPR plunged to less than 290 million barrels, the lowest since 1982. On top of that, China significantly cut imports of crude oil and refinery runs.
2026-09-07