Actual
102.225
Daily Change
-0.86 -0.83%
Monthly
17.14%
Yearly
49.06%
Q3 Forecast
104.412
Brent oil - Summary

Brent crude slipped toward $102 per barrel on Thursday, paring gains from the previous session amid heightened uncertainty surrounding US-Iran negotiations. Iranian President Masoud Pezeshkian told the UN General Assembly that Tehran would not bow to threats, adding that the Islamic Republic won’t give up the right to develop nuclear technology for economic development. Pezeshkian also said Iran would not allow freedom of navigation through the Strait of Hormuz as long as sanctions and a US blockade remain in effect. In the US, Energy Secretary Chris Wright said the Trump administration was working with refiners on a voluntary reduction in US diesel exports as an alternative to imposing a formal ban on overseas shipments. Meanwhile, Saudi Arabia is taking steps to resume oil exports through its key East-West pipeline. Ukrainian President Zelenskyy also said he and President Trump had discussed an energy ceasefire.

Brent oil - Stats

Brent fell to 102.29 USD/Bbl on September 24, 2026, down 0.77% from the previous day. Over the past month, Brent's price has risen 17.21%, and is up 49.15% 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 24 of 2026.

Brent oil - Forecast

Brent fell to 102.29 USD/Bbl on September 24, 2026, down 0.77% from the previous day. Over the past month, Brent's price has risen 17.21%, and is up 49.15% 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 104.41 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 122.78 in 12 months time.



Price Day Month Year Date
Crude Oil 91.49 -0.673 -0.73% 11.08% 40.79% Sep/24
Brent 102.23 -0.855 -0.83% 17.14% 49.06% Sep/24
Natural gas 3.05 0.0311 1.03% 8.26% -4.41% Sep/24
Gasoline 3.57 -0.0169 -0.47% 9.75% 78.31% Sep/24
Heating Oil 4.80 0.0235 0.49% 13.10% 98.67% Sep/24
Coal 144.70 -0.70 -0.48% 10.04% 39.67% Sep/23
Ethanol 2.12 -0.0025 -0.12% -0.12% 12.33% Sep/23
Naphtha 833.59 19.98 2.46% 11.37% 47.70% Sep/23
Propane 0.88 0.02 2.38% 21.38% 23.45% Sep/23
Uranium 89.75 0.0500 0.06% 0.22% 11.70% Sep/22
Methanol 3,349.00 -156.00 -4.45% 13.95% 48.38% Sep/23
Urals Oil 107.23 -0.27 -0.25% 23.95% 71.54% Sep/22


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
102.29 103.08 147.50 2.23 1970 - 2026 USD/BBL Daily

News Stream
Brent Pares Gains Amid US-Iran Uncertainty
Brent crude slipped toward $102 per barrel on Thursday, paring gains from the previous session amid heightened uncertainty surrounding US-Iran negotiations. Iranian President Masoud Pezeshkian told the UN General Assembly that Tehran would not bow to threats, adding that the Islamic Republic won’t give up the right to develop nuclear technology for economic development. Pezeshkian also said Iran would not allow freedom of navigation through the Strait of Hormuz as long as sanctions and a US blockade remain in effect. In the US, Energy Secretary Chris Wright said the Trump administration was working with refiners on a voluntary reduction in US diesel exports as an alternative to imposing a formal ban on overseas shipments. Meanwhile, Saudi Arabia is taking steps to resume oil exports through its key East-West pipeline. Ukrainian President Zelenskyy also said he and President Trump had discussed an energy ceasefire.
2026-09-23
Brent Extends Gains as Geopolitical Risks Persist
Brent crude rose above $103 a barrel on Wednesday after five consecutive sessions of losses, as uncertainty persisted over progress in US-Iran talks. Iran’s President Masoud Pezeshkian said at the UN General Assembly that Tehran remained open to diplomacy but would not negotiate under pressure, while Iran’s military warned it was ready to launch “more crushing” strikes in response to Trump's threats to annihilate Iran earlier this week in his UN adress. Trump’s threats were followed by what he described as productive talks with Iranian envoys, while Tehran has indicated it could reopen the strait if Washington eases military pressure and lifts restrictions on Iranian ports. Saudi Arabia’s partial restoration of its East-West pipeline is helping offset some supply concerns. Also, Ukrainian President Zelenskyy called on US President Trump to organize a trilateral meeting with Russian President Putin. Zelenskyy also said that the he and Trump discussed an energy ceasefire.
2026-09-23
Brent Crude Bounces Back Above $101
Brent crude rose above $101 a barrel on Wednesday after five consecutive sessions of losses, as uncertainty persisted over whether a formal agreement to reopen the Strait of Hormuz was possible. Iran’s President Pezeshkian used his address to the UN General Assembly to reject restrictions on Iran’s civilian nuclear program and reiterate Tehran’s opposition to a US military presence in the Middle East. He also said Iran remained open to dialogue and diplomacy but would not accept negotiations under pressure. Meanwhile, Saudi Arabia is preparing to restart exports through its East-West pipeline in the coming days. On the supply side, US crude inventories rose by 2.969 million barrels to 426.4 million barrels last week, according to the EIA, compared with expectations for a 641,000-barrel draw. The increase exceeded the 1.8-million-barrel build reported by the API, while gasoline and distillate stocks declined.
2026-09-23