Brent crude futures strengthened above $89 per barrel on Friday and were set to gain about 2% this week, underpinned by an improving demand outlook and persistent supply risks related to the Middle East conflict. On Thursday, US Treasury Secretary Janet Yellen told Reuters that US GDP growth for the first quarter could be revised higher as more data come in, and inflation will likely return to more normal levels after some “peculiar” factors disrupted the economy. Weaker-than-expected US economic data also reignited hopes for Federal Reserve interest rate cuts this year. Elsewhere, latest data showed that US crude inventories fell by 6.37 million barrels last week, defying expectations for a 1.6 million barrel build. On the supply side, markets continued to monitor geopolitical developments in the Middle East as Israel stepped up airstrikes on Rafah despite being dissuaded by its allies to attack the southern Gaza city.

Brent increased 12.16 USD/BBL or 15.78% since the beginning of 2024, 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 April 26 of 2024.

Brent increased 12.16 USD/BBL or 15.78% since the beginning of 2024, 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 90.97 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 96.28 in 12 months time.



Price Day Month Year Date
Crude Oil 83.95 0.186 0.22% 3.19% 12.29% Apr/26
Brent 89.27 0.158 0.18% 4.52% 14.12% Apr/26
Natural gas 1.97 -0.0147 -0.74% 14.74% -16.29% Apr/26
Gasoline 2.77 -0.0019 -0.07% 3.51% 10.95% Apr/26
Heating Oil 2.57 0.0137 0.54% -1.31% 9.18% Apr/26
Coal 135.75 0.25 0.18% 5.31% -28.61% Apr/25
Ethanol 1.71 0 0% 8.06% -29.48% Apr/25
Naphtha 688.95 1.61 0.23% -2.92% 1.91% Apr/25
Propane 0.81 0.002 0.25% -1.39% -0.23% Apr/25
Uranium 86.10 -2.7000 -3.04% -1.03% 60.34% Apr/25
Methanol 2,527.00 -4.00 -0.16% 1.12% 5.82% Apr/26


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
89.20 89.11 147.50 2.23 1970 - 2024 USD/BBL Daily