Actual
102.616
Daily Change
0.37 0.36%
Monthly
5.61%
Yearly
56.74%
Q4 Forecast
106.598
Brent oil - Summary

Brent crude fluctuated around $102.5 a barrel on Monday, with markets balancing easing supply pressures against renewed geopolitical risks. Prices came under pressure after Saudi Aramco cut the November selling price of Arab Light to Asian buyers to $5 a barrel below the regional benchmark, a deeper discount than the $2 offered for October. The move suggests stronger competition for market share as oil flows through the Strait of Hormuz recover, while the G7’s latest emergency stockpile release is also weighing on prices. However, supply concerns remain significant. Saudi Arabia’s East-West pipeline continues to operate normally after reports of a fresh attack had briefly raised fears of another disruption. Meanwhile, OPEC+ agreed to leave production quotas unchanged next month.

Brent oil - Stats

Brent rose to 102.60 USD/Bbl on October 5, 2026, up 0.35% from the previous day. Over the past month, Brent's price has risen 5.60%, and is up 56.72% 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 October 5 of 2026.

Brent oil - Forecast

Brent rose to 102.60 USD/Bbl on October 5, 2026, up 0.35% from the previous day. Over the past month, Brent's price has risen 5.60%, and is up 56.72% 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 106.60 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 121.00 in 12 months time.



Price Day Month Year Date
Crude Oil 90.68 -0.433 -0.48% -2.53% 46.99% Oct/05
Brent 102.62 0.366 0.36% 5.61% 56.74% Oct/05
Natural gas 3.04 0.0015 0.05% 4.13% -9.55% Oct/05
Gasoline 3.29 -0.0231 -0.70% 1.13% 73.38% Oct/05
Heating Oil 4.57 0.0639 1.42% -0.06% 103.40% Oct/05
Coal 148.95 -0.35 -0.23% 1.33% 41.86% Oct/02
Ethanol 2.02 0 0% -3.69% 6.32% Oct/02
Naphtha 825.53 -3.38 -0.41% 5.43% 54.14% Oct/02
Propane 0.91 0.01 1.15% 13.70% 33.08% Oct/02
Uranium 89.95 0.5000 0.56% 0.50% 11.05% Oct/02
Methanol 3,850.00 152.00 4.11% 23.64% 76.04% Sep/30
Urals Oil 114.76 9.21 8.73% 32.36% 90.09% Oct/02


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
102.60 102.25 147.50 2.23 1970 - 2026 USD/BBL Daily

News Stream
Brent Crude Volatile Above $102
Brent crude fluctuated around $102.5 a barrel on Monday, with markets balancing easing supply pressures against renewed geopolitical risks. Prices came under pressure after Saudi Aramco cut the November selling price of Arab Light to Asian buyers to $5 a barrel below the regional benchmark, a deeper discount than the $2 offered for October. The move suggests stronger competition for market share as oil flows through the Strait of Hormuz recover, while the G7’s latest emergency stockpile release is also weighing on prices. However, supply concerns remain significant. Saudi Arabia’s East-West pipeline continues to operate normally after reports of a fresh attack had briefly raised fears of another disruption. Meanwhile, OPEC+ agreed to leave production quotas unchanged next month.
2026-10-05
Brent Slips as Supply Outlook Improves
Brent crude fell toward $101 per barrel on Monday, giving back some of last week’s gains as signs of increasing global supply outweighed concerns over persistent geopolitical risks in the Middle East. On Friday, G7 countries agreed to release 100 million barrels of crude and diesel from emergency reserves while pledging not to impose restrictions on energy exports. Major OPEC+ members also agreed over the weekend to keep production quotas unchanged next month amid prolonged supply disruptions caused by the Middle East conflict. Meanwhile, data showed Persian Gulf crude exports exceeded pre-war levels on four of the seven days during the final week of September, despite disruptions in the Strait of Hormuz and the ongoing US-Iran conflict. In Yemen, Saudi-backed forces launched a full-scale military operation to retake areas controlled by the Houthis following weeks of escalating tensions between the Iran-backed group and Saudi Arabia.
2026-10-05
Brent Eases as Traders Weigh Middle East Risks
Brent crude fell below $102 per barrel on Monday as investors continued to monitor rising tensions in the Middle East, while OPEC+ agreed to maintain oil production quotas unchanged next month. Saudi-backed forces in Yemen launched a full-scale military operation to retake areas controlled by the Houthis following weeks of escalating tensions between the Iran-backed group and Saudi Arabia. The Houthis seized control of the Bab el-Mandeb, a strategic chokepoint between the Red Sea and the Gulf of Aden that Saudi Arabia had been using to export oil while avoiding the Strait of Hormuz. Meanwhile, major OPEC+ members agreed over the weekend to leave production quotas unchanged next month amid prolonged supply disruptions from the Middle East conflict. The decision comes as oil prices climb back toward the $100-a-barrel level and diesel prices reach record highs at the pump, prompting G7 nations to release emergency oil reserves amid the continuing conflict.
2026-10-04