Brent crude oil - Price - Chart - Historical Data (original) (raw)

Brent pulled fell below $93 per barrel on Thursday, reversing gains from earlier in the session after the US military announced it had completed its latest strikes on Iran, raising hopes that peace negotiations could resume. The US earlier launched fresh attacks on Iran after President Donald Trump accused Tehran of delaying talks over an interim peace agreement. Iran also reportedly responded by targeting US vessels in the Strait of Hormuz with missile and drone attacks. The latest escalation reinforced the view that the April ceasefire has effectively unraveled, even though the large-scale bombing campaign seen at the outset of the conflict has not resumed. The near-total closure of the Strait of Hormuz continued to tighten global energy supplies, though there were signs that limited volumes of oil were still moving out of the Persian Gulf. Meanwhile, EIA data showed US crude inventories fell by 7.2 million barrels last week, extending their decline to a seventh straight week.

Brent fell to 92.25 USD/Bbl on June 11, 2026, down 0.91% from the previous day. Over the past month, Brent's price has fallen 14.40%, but it is still 33.01% higher than a year ago, 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 June 11 of 2026.

Brent fell to 92.25 USD/Bbl on June 11, 2026, down 0.91% from the previous day. Over the past month, Brent's price has fallen 14.40%, but it is still 33.01% higher than a year ago, 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 94.04 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 108.15 in 12 months time.

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 | | | ------ | -------- | ------- | ------ | ----------- | ------- | --------- | | | 92.25 | 93.10 | 147.50 | 2.23 | 1970 - 2026 | USD/BBL | Daily | |