Crude oil steadied near $91 per barrel on Tuesday after surrendering most of the previous session’s gains, as Iran and Israel agreed to halt attacks against each other, boosting hopes that peace negotiations could move forward. The two countries exchanged strikes over the weekend, threatening a fragile ceasefire and fueling fears of a broader escalation. President Donald Trump urged both sides to deescalate and said talks with Tehran are continuing, adding that oil prices should ease once the conflict ends. While the ceasefire remains intact, the Strait of Hormuz is still effectively closed under a dual blockade by the US and Iran, severely disrupting shipments of crude, refined fuels, and natural gas to global markets.

Crude Oil fell to 91.07 USD/Bbl on June 9, 2026, down 0.27% from the previous day. Over the past month, Crude Oil's price has fallen 7.14%, but it is still 40.15% higher than a year ago, 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 June 9 of 2026.

Crude Oil fell to 91.07 USD/Bbl on June 9, 2026, down 0.27% from the previous day. Over the past month, Crude Oil's price has fallen 7.14%, but it is still 40.15% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Crude Oil is expected to trade at 91.57 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 106.98 in 12 months time.



Price Day Month Year Date
Crude Oil 90.68 -0.635 -0.69% -7.54% 39.55% Jun/09
Brent 93.60 -0.737 -0.78% -10.18% 39.97% Jun/09
Natural gas 3.15 0.0188 0.60% 8.21% -10.87% Jun/09
Gasoline 3.06 -0.0073 -0.24% -14.99% 46.89% Jun/09
Heating Oil 3.58 -0.0100 -0.28% -9.88% 67.50% Jun/09
Coal 151.25 2.50 1.68% 15.59% 43.71% Jun/08
Ethanol 1.94 0 0% -1.27% 15.30% Jun/05
Urals Oil 86.33 -1.07 -1.22% -12.32% 41.90% Jun/05



Related Last Previous Unit Reference
United States API Crude Oil Stock Change -6.75 -2.80 BBL/1Million May 2026
Saudi Arabia Crude Oil Production 6879.00 7763.00 BBL/D/1K Apr 2026
United States Crude Oil Production 13696.00 13697.00 BBL/D/1K Mar 2026
Russia Crude Oil Production 9976.55 10026.55 BBL/D/1K Feb 2026
United States Crude Oil Stocks Change -7.97 -3.33 BBL/1Million May 2026
United States Weekly Crude Oil Production 13707.00 13715.00 Thousand Barrels Per Day May 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
91.07 91.31 147.27 -40.32 1983 - 2026 USD/BBL Daily

News Stream
Oil Edges Lower as Iran and Israel Halt Strikes
Crude oil fell below $91 per barrel on Tuesday after surrendering most of the previous session’s gains, as Iran and Israel agreed to halt attacks against each other, boosting hopes that peace negotiations could move forward. The two countries exchanged strikes over the weekend, threatening a fragile ceasefire and fueling fears of a broader escalation. President Donald Trump urged both sides to deescalate and said talks with Tehran are continuing, adding that oil prices should ease once the conflict ends. While the ceasefire remains intact, the Strait of Hormuz is still effectively closed under a dual blockade by the US and Iran, severely disrupting shipments of crude, refined fuels, and natural gas to global markets.
2026-06-08
Crude Oil Holds Below Session Peaks
WTI crude oil futures eased to $91 per barrel after having reached $95 earlier on Monday after Iran stated it had ended its military operations against Israel. US President Trump added that both countries were close to a new ceasefire and that there was progress between Washington and Tehran, easing concerns that the escalation would hamper negotiations that gradually restore exports of oil through the Persian Gulf. Israel also signaled that it will hold fire for the moment, after an exchange of strikes with Iran over the weekend breached their ceasefire, driving oil futures higher in Asian trading. Separately, OPEC+ approved another increase in July oil production quotas of 188,000 barrels per day despite persistent supply risks stemming from tensions in the Middle East. Fresh data indicating an aggressive pullback in imports by China also limited supply pressures, as Asia's top consumer has relied on inventory instead of overseas supply since the start of the conflict.
2026-06-08
WTI Crude Trims Rebound
WTI crude oil futures eased to $91 per barrel after having crossed $95 earlier on Monday after Iran stated it had ended its military operations against Israel. US President Trump added that both countries were close to a new ceasefire and that there was progress between Washington and Tehran, easing concerns that the escalation would hamper negotiations that gradually restore exports of oil through the Persian Gulf. Still, Israel refrained from signaling their de-escalation, after the first strikes between Iran and Israel since their ceasefire had driven oil futures to surge at the start of the week. Separately, OPEC+ approved another increase in July oil production quotas of 188,000 barrels per day despite persistent supply risks stemming from tensions in the Middle East. Fresh data indicating an aggressive pullback in imports by China also limited supply pressures, as Asia's top consumer has relied on inventory instead of overseas supply since the start of the conflict.
2026-06-08