Brent crude futures fell below $107 per barrel on Friday, trimming gains from the previous session after President Donald Trump extended the deadline for Tehran to secure a deal or face further attacks by another 10 days. Trump also said Iran had allowed 10 oil tankers to pass through the Strait of Hormuz this week as a “present” to the US, while Treasury Secretary Scott Bessent noted that an insurance program aimed at boosting shipping through the waterway would begin soon. Meanwhile, Iran confirmed it had rejected the US’ 15-point plan to end the war and submitted its own conditions, including recognition of Tehran’s authority over Hormuz. Oil prices remain up roughly 40% since the conflict began, as Tehran forced the effective closure of the narrow waterway through which about a fifth of global energy flows.

Brent fell to 106.33 USD/Bbl on March 27, 2026, down 1.56% from the previous day. Over the past month, Brent's price has risen 36.77%, and is up 46.13% 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 March 27 of 2026.

Brent fell to 106.33 USD/Bbl on March 27, 2026, down 1.56% from the previous day. Over the past month, Brent's price has risen 36.77%, and is up 46.13% 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 106.37 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 119.84 in 12 months time.



Price Day Month Year Date
Crude Oil 93.47 -1.013 -1.07% 31.22% 34.76% Mar/27
Brent 106.39 -1.621 -1.50% 36.85% 46.22% Mar/27
Natural gas 2.93 -0.0027 -0.09% -1.17% -28.04% Mar/27
Gasoline 3.10 -0.0328 -1.05% 30.66% 38.60% Mar/27
Heating Oil 4.28 0.0081 0.19% 47.62% 89.37% Mar/27
Coal 142.00 4.45 3.24% 19.83% 39.22% Mar/26
Ethanol 2.03 0 0% 12.02% 16.02% Mar/26
Naphtha 842.48 -7.77 -0.91% 47.60% 38.17% Mar/25
Propane 0.79 -0.002 -0.26% 19.61% -10.02% Mar/25
Uranium 84.30 0 0% -2.60% 31.00% Mar/26
Methanol 3,209.00 145.00 4.73% 48.22% 21.65% Mar/26
Urals Oil 96.31 -2.68 -2.71% 66.51% 45.57% Mar/25


Brent crude oil
Brent Crude oil is a major benchmark price for purchases of oil worldwide. While Brent Crude oil is sourced from the North Sea the oil production coming from Europe, Africa and the Middle East flowing West tends to be priced relative to this oil. The Brent prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.
Actual Previous Highest Lowest Dates Unit Frequency
106.33 108.01 147.50 2.23 1970 - 2026 USD/BBL Daily

News Stream
Brent Falls as Trump Extends Deadline for Iran Deal
Brent crude futures fell below $107 per barrel on Friday, trimming gains from the previous session after President Donald Trump extended the deadline for Tehran to secure a deal or face further attacks by another 10 days. Trump also said Iran had allowed 10 oil tankers to pass through the Strait of Hormuz this week as a “present” to the US, while Treasury Secretary Scott Bessent noted that an insurance program aimed at boosting shipping through the waterway would begin soon. Meanwhile, Iran confirmed it had rejected the US’ 15-point plan to end the war and submitted its own conditions, including recognition of Tehran’s authority over Hormuz. Oil prices remain up roughly 40% since the conflict began, as Tehran forced the effective closure of the narrow waterway through which about a fifth of global energy flows.
2026-03-26
Brent Crude Rises Amid Middle East Uncertainties
Brent crude oil futures rose more than 5% to $108 per barrel on Thursday after President Donald Trump issued a fresh warning to Iran to advance peace talks aimed at ending the conflict disrupting global energy supplies. Fighting continues across the Middle East, with Trump urging Tehran to engage seriously “before it is too late” as the White House maintains that discussions are ongoing, though Iran has rejected proposals and set its own conditions. Reports indicate Iran’s parliament is drafting a bill to charge fees for securing ships transiting the Strait of Hormuz, with vessels required to provide detailed clearance information. Trump reiterated that talks are underway and signaled hopes of ending the conflict soon, while the Pentagon has reportedly deployed additional forces to the region, highlighting ongoing tensions despite diplomatic efforts.
2026-03-26
Brent Climbs on Middle East Uncertainties
Brent crude futures rose above $107 per barrel on Thursday, recovering part of the previous session’s losses amid conflicting statements from the US and Iran on efforts to end the conflict that has roiled global energy markets. Iran said it has no intention of entering talks with the US and would reject a proposed ceasefire, instead outlining its own conditions including sovereign control over the Strait of Hormuz. Meanwhile, the White House maintained that peace efforts are ongoing, with Washington reportedly sending a 15-point proposal to Iran via Pakistan aimed at resolving the conflict and reopening the critical waterway. The near-closure of Hormuz has severely disrupted global oil flows, resulting in the loss of millions of barrels of daily supply. While some vessels continue to transit under Iranian protection, US allies in the Asia-Pacific, including South Korea, Australia, and the Philippines, are grappling with a worsening fuel shortage.
2026-03-25