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Brent Oil Price in 2026 (so far)

The brent oil price has risen 86.3% so far in 2026, from $60.85 at the end of 2025 to $113.34 on October 22, 2026. Its highest close was $118.35 on Mar 31, and its lowest $59.96 on Jan 7. The biggest one-day fall was −14.5% on Apr 1 and the biggest rise +9.6% on Jul 13. Adjusted for inflation, it gained 80.2%.

Year to date
+86.3%
$60.85 → $113.34
High
$118.35
Mar 31
Low
$59.96
Jan 7
After inflation
+80.2%
US CPI
Up days
120 of 203
longest run 8 up, 5 down
Below record
-21.3%
at the end of the data

Brent Oil Price, daily closes 2026

Numbers mark the events below
$65$89$113JanFebMarAprMayJunJulAugSepOct1Feb 28: United States and Israel launch strikes on Iran, killing Supreme Leader Ali Khamenei.2Mar 1: Shipping through the Strait of Hormuz comes to a standstill during the Iran war.3Mar 2: Back above its pre-bear-market peak of $77.01 (June 20, 2025).4Mar 6: Back above its pre-bear-market peak of $91.17 (April 5, 2024).5Mar 9: Back above its pre-bear-market peak of $96.55 (September 27, 2023).6Apr 1: Biggest one-day fall of the year: −14.5%.7Apr 7: Trump announces a two-week US-Iran ceasefire; oil prices fall below $100 a barrel.8Apr 17: Enters a bear market: 20% below its peak of $118.35 (March 31, 2026). Bear market low: $90.38, 23.6% below the peak.9May 27: Enters a bear market: 20% below its peak of $118.03 (April 29, 2026).10Jul 1: Bear market low: $71.57, 39.4% below the peak.11Jul 13: Biggest one-day rise of the year: +9.6%.12Aug 4: Enters a bear market: 20% below its peak of $100.69 (July 23, 2026). Bear market low: $79.36, 21.2% below the peak.13Sep 9: Back above its pre-bear-market peak of $100.69 (July 23, 2026).

Key Events in 2026

What happened, and how the Brent oil moved — on the day (or the next trading day) and about a month later.

  1. 1
    Saturday, February 28
    United States and Israel launch strikes on Iran, killing Supreme Leader Ali Khamenei. Source
    Brent oil: +7.3% next trading day (Mar 2) · +55.6% a month later
  2. 2
    Sunday, March 1
    Shipping through the Strait of Hormuz comes to a standstill during the Iran war. Source
    Brent oil: +7.3% next trading day (Mar 2) · +55.6% a month later
  3. 3
    Monday, March 2 From the data
    Back above its pre-bear-market peak of $77.01 (June 20, 2025).
  4. 4
    Friday, March 6 From the data
    Back above its pre-bear-market peak of $91.17 (April 5, 2024).
  5. 5
    Monday, March 9 From the data
    Back above its pre-bear-market peak of $96.55 (September 27, 2023).
  6. 6
    Wednesday, April 1 From the data
    Biggest one-day fall of the year: −14.5%.
  7. 7
    Tuesday, April 7
    Trump announces a two-week US-Iran ceasefire; oil prices fall below $100 a barrel. Source
    Brent oil: −0.5% that day · +0.1% a month later
  8. 8
    Friday, April 17 From the data
    Enters a bear market: 20% below its peak of $118.35 (March 31, 2026). Bear market low: $90.38, 23.6% below the peak.
  9. 9
    Wednesday, May 27 From the data
    Enters a bear market: 20% below its peak of $118.03 (April 29, 2026).
  10. 10
    Wednesday, July 1 From the data
    Bear market low: $71.57, 39.4% below the peak.
  11. 11
    Monday, July 13 From the data
    Biggest one-day rise of the year: +9.6%.
  12. 12
    Tuesday, August 4 From the data
    Enters a bear market: 20% below its peak of $100.69 (July 23, 2026). Bear market low: $79.36, 21.2% below the peak.
  13. 13
    Wednesday, September 9 From the data
    Back above its pre-bear-market peak of $100.69 (July 23, 2026).

Biggest days of 2026

Best daysWorst days
Jul 13+9.6%Apr 1−14.5%
Mar 12+9.2%Apr 8−13.3%
Mar 6+8.5%Mar 10−11.3%
Jul 29+7.9%Mar 23−10.9%
Apr 2+7.8%Apr 17−9.1%

Volatility: 59.3% (annualised standard deviation of daily changes).

Month by month

MonthCloseChangeHighLow
Jan$70.69+16.2%$70.71$59.96
Feb$72.48+2.5%$72.48$66.30
Mar$118.35+63.3%$118.35$77.74
Apr$114.01−3.7%$118.03$90.38
May$92.05−19.3%$114.44$92.05
Jun$72.92−20.8%$97.81$71.99
Jul$90.12+23.6%$100.69$71.57
Aug$90.49+0.4%$94.39$79.36
Sep$103.53+14.4%$108.75$94.65
Oct$113.34+9.5%$113.34$100.20

Other Markets in 2026

Change over the calendar year so far.

MarketChangeYear-end
Brent Oil Price+86.3%$113.34
Dow Jones Industrial Average in 2026+10.0%52,867.98
S&P 500 in 2026+11.9%7,663.43
Nasdaq Composite in 2026+11.9%26,008.86
Russell 2000 in 2026+12.2%2,784.03
Nikkei 225 in 2026+25.0%62,907.84
Gold in 2026−6.9%$4,039.80
Silver in 2026−22.2%$54.57
WTI crude oil in 2026+73.3%$99.53
US 10-year Treasury yield in 2026+0.97 pp5.13%
2020202120222023202420252026

Brent Oil Price in 2026: FAQ

How much did the brent oil price rise so far in 2026?

The brent oil price has risen 86.3% so far in 2026, from $60.85 at the end of 2025 to $113.34 on October 22, 2026. Its highest close was $118.35 on Mar 31, and its lowest $59.96 on Jan 7. The biggest one-day fall was −14.5% on Apr 1 and the biggest rise +9.6% on Jul 13. Adjusted for inflation, it gained 80.2%.

What were the highest and lowest closes of the brent oil price so far in 2026?

Highest: $118.35 on March 31, 2026. Lowest: $59.96 on January 7, 2026. It closed higher on 120 of 203 trading days.

What happened to the brent oil price on February 28, 2026?

United States and Israel launch strikes on Iran, killing Supreme Leader Ali Khamenei. The brent oil price rose 7.3% on the next trading day (March 2, 2026), and was +55.6% a month later.

Data: Europe Brent spot price (EIA) from 1987, ICE Brent futures closes after that. Inflation: US CPI-U. Events marked "From the data" are found automatically from the closing prices; the others are researched, with the source linked. Not investment advice.