Actual
84.533
Daily Change
0.98 1.18%
Monthly
1.48%
Yearly
26.87%
Q3 Forecast
85.577
Brent crude oil - Summary

Brent climbed above $84 per barrel on Monday, marking a third consecutive session of gains as uncertainty persisted over efforts to reopen the Strait of Hormuz. Iran said over the weekend that talks with Oman on establishing a shipping route through the strategic waterway were nearing an agreement, but warned that any arrangement would not lead to an immediate reopening of Hormuz. Tehran also rejected direct negotiations with the US for now, citing breaches of the interim peace deal reached in June, while maintaining demands for an end to the US naval blockade, the lifting of sanctions and compensation for war damages. Meanwhile, President Donald Trump signaled patience amid mounting pressure on the US to reach a deal with Tehran. Elsewhere, Iran-backed Houthi militants in Yemen claimed an attack on Saudi Arabia’s Jazan refinery, while a tanker operated by Abu Dhabi National Oil Co. came under attack in Hormuz over the weekend.

Brent crude oil - Stats

Brent rose to 84.42 USD/Bbl on August 10, 2026, up 1.04% from the previous day. Over the past month, Brent's price has risen 1.34%, and is up 26.70% 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 crude oil reached an all time high of 147.50 in July of 2008. Brent crude oil - data, forecasts, historical chart - was last updated on August 10 of 2026.

Brent crude oil - Forecast

Brent rose to 84.42 USD/Bbl on August 10, 2026, up 1.04% from the previous day. Over the past month, Brent's price has risen 1.34%, and is up 26.70% 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 crude oil is expected to trade at 85.58 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 98.20 in 12 months time.



Price Day Month Year Date
Crude Oil 78.91 0.730 0.93% 0.99% 23.37% Aug/10
Brent 84.53 0.983 1.18% 1.48% 26.87% Aug/10
Natural gas 2.73 0.0652 2.45% -5.86% -7.68% Aug/10
Gasoline 3.01 0.0265 0.89% -4.88% 44.74% Aug/10
Heating Oil 3.97 0.0657 1.68% 3.78% 73.20% Aug/10
Coal 127.85 -0.40 -0.31% -0.97% 12.94% Aug/07
Ethanol 1.97 0.0275 1.42% 2.07% 13.06% Aug/07
Naphtha 717.12 14.44 2.05% 8.41% 29.01% Aug/07
Propane 0.68 0.001 0.21% -9.34% 1.68% Aug/07
Uranium 86.50 0 0% 1.11% 20.22% Aug/07
Methanol 2,497.00 36.00 1.46% 2.29% 4.78% Aug/07
Urals Oil 81.08 1.89 2.39% 48.66% 28.35% Aug/07


Brent crude 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
84.42 83.55 147.50 2.23 1970 - 2026 USD/BBL Daily

News Stream
Brent Climbs for Third Session
Brent climbed above $84 per barrel on Monday, marking a third consecutive session of gains as uncertainty persisted over efforts to reopen the Strait of Hormuz. Iran said over the weekend that talks with Oman on establishing a shipping route through the strategic waterway were nearing an agreement, but warned that any arrangement would not lead to an immediate reopening of Hormuz. Tehran also rejected direct negotiations with the US for now, citing breaches of the interim peace deal reached in June, while maintaining demands for an end to the US naval blockade, the lifting of sanctions and compensation for war damages. Meanwhile, President Donald Trump signaled patience amid mounting pressure on the US to reach a deal with Tehran. Elsewhere, Iran-backed Houthi militants in Yemen claimed an attack on Saudi Arabia’s Jazan refinery, while a tanker operated by Abu Dhabi National Oil Co. came under attack in Hormuz over the weekend.
2026-08-09
Brent Rises but Posts Weekly Loss on Hormuz Uncertainty
Brent crude oil rose above $83 per barrel on Friday, but still recorded a more than 7% decline over the week. Prices remained highly sensitive to developments surrounding a potential Iran-Oman agreement to restore shipping through the Strait of Hormuz, which could return millions of barrels of Middle Eastern oil to global markets. However, uncertainty persisted, with Abu Dhabi National Oil Co. reporting attacks on three vessels transiting Hormuz and Iran reportedly targeting vessels it considers hostile. President Donald Trump maintained that negotiations were progressing, but differences remain over conditions for reopening the waterway. Meanwhile, Iran-backed Houthis claimed a large-scale attack against Saudi-aligned forces in Yemen. Oil reversed some gains in post-settlement trading after reports that the US could lift its naval blockade once commercial shipping through the strait resumes without restrictions.
2026-08-07
Brent Hovers Below $82
Brent crude oil traded below $82 per barrel on Friday, moving between gains and losses as investors weighed negotiations between Iran and Oman over the Strait of Hormuz against renewed geopolitical tensions. Optimism over a partial reopening of the strategic waterway faded as Iran reportedly sought to exclude US and Israeli vessels and impose fees on countries it considers hostile. The US, meanwhile, has pushed for unrestricted transit and a return to pre-war conditions, leaving the two sides seemingly far apart on the terms of any agreement. President Donald Trump maintained an optimistic tone, saying the conflict could end “pretty soon” and that discussions were progressing. However, reports of Iran attacking “hostile targets” in the strait following explosions near Qeshm Island added to concerns over shipping security. Separately, Iran-backed Houthi militants said they had carried out a “large-scale” attack against forces aligned with Yemen’s Saudi-backed government.
2026-08-07