BRENT Brent crude oil
Brent crude oil, USD per barrel, pooled from 24/7 venue perps.
What matters nowUpdated 7 h ago
- Crude flows through the Strait of Hormuz fell 27% from their wartime high to at least 10.1 million barrels per day in the week before 9 October, per Kpler data, with only seven commodity carriers transiting on the Tuesday of that week, the fewest since late July 1.
- Hurricane Isaias had shut in about 62.9% of current Gulf of Mexico oil output and 57.4% of gas output by 8 October, with 121 production platforms evacuated 2, while Trump said on 8 October that the US would not attack Iran before the 3 November midterms 3.
- On the pooled 24/7 venue price across 8 venues, Brent is $102.60, down 0.75% from $103.38 at 11:53 UTC on 13 October. Brent rose 6.47% to $106.66 on 10 September after Iran said it had attacked 10 ships near Hormuz 4, and tanker attacks were a key reason it stayed above $100 in early October 5; the 11 September fall of 5.55% and the 1 October gain of 4.84% have no recorded cause.
- Open interest is $501.5 million and 24-hour volume is $814.3 million across the venues, with an 8-hour funding rate of -0.1449%. OPEC+'s seven participating countries kept required output for November flat at 31.01 million bpd, with Saudi Arabia at 10.478 million bpd 6, and Saudi Aramco cut its November Arab Light price to Asia by $3 to $5 a barrel below the Oman/Dubai average, the widest Asian discount since June 2020 7; no fundamentals, insider data or odds are recorded.
- The next dated catalysts are the US Consumer Price Index for September at 12:30 UTC on 14 October and the confirmed OPEC+ seven-country meeting at 16:00 UTC on 1 November to set November and December output, where the pause in monthly hikes has been extended twice and no consensus figure was found.
Oilprice.com · Oct 9
Reuters (via BOE Report) · Oct 8
Al Jazeera · Oct 8
Onmanorama · Sep 9
Maritime Executive · Oct 2
Nairametrics · Oct 4
Reuters (via BOE Report) · Oct 4
Every venue
| Venue | Price | vs pool | 24h vol | Open int. | Funding 8h |
|---|---|---|---|---|---|
| binance perp BZUSDT · just now | 103.34 | 0.00% | $521.2M | $224.5M | -0.2972% |
| hyperliquid perp xyz:BRENTOIL · just now | 103.13 | −0.21% | $122.8M | $202.2M | -0.2138% |
| okx perp BZ-USDT-SWAP · just now | 103.34 | 0.00% | $60.4M | $22.7M | -0.3148% |
| bitget perp BZUSDT · just now | 103.37 | +0.02% | $31.8M | $31.9M | -0.2882% |
| bybit perp BZUSDT · just now | 103.30 | −0.04% | $16.8M | $22.6M | -0.3211% |
| lighter perp 159 · just now | 103.14 | −0.20% | $6.7M | $1.9M | -0.1896% |
| aster perp BZUSDT · just now | 103.34 | 0.00% | $474.7K | $422.2K | -0.2930% |
| kraken perp PF_BRENTOILUSD · stale | 103.04 | −0.30% | $157.3K | $405.0K | -0.3101% |
| coinbase perp BRENTOIL-PERP · stale | — | — | — | — | — |
Pooled price = volume-weighted median of venues within 2% of each other. Venue markets for stocks, indices and gold are 24/7 perpetual contracts; they track but are not the official exchange price.
Open interest, 120 days
US$ millions, all venues
Funding, 120 days
Annualised %, OI-weighted. Positive: longs pay shorts.
NewsAll news →
Crude flows through Hormuz fall 27% from wartime high to at least 10.1 million bpd
Kpler data cited by Oilprice.com showed crude crossing the Strait of Hormuz fell 27% from its wartime high the week before, to at least 10.1 million barrels per day.
Hurricane Isaias shuts about 63% of US Gulf oil output and 57% of gas
A US offshore regulator reported on October 8 that about 62.9% of current Gulf of Mexico oil output and 57.4% of gas output had been shut in ahead of Hurricane Isaias, the first hurricane of the 2026 Atlantic season.
Trump says US will not attack Iran before November 3 midterms; oil falls
In a Truth Social post on the evening of October 8, Trump said the US would not attack Iran before the November 3 midterm elections and that talks with Tehran were productive.
Attacks on Hormuz tankers in week to October 5 hit highest weekly count of the Iran war
Reuters, citing three maritime security sources, reported at least 12 attacks on oil, LNG and LPG tankers around the Strait of Hormuz in the week from September 28 to October 5.
Saudi Aramco unexpectedly cuts November Arab Light price to Asia by $3
Saudi Aramco set the November official selling price for Arab Light to Asia at $5 a barrel below the Oman/Dubai average, down from a $2 discount, a cut of $3.
OPEC+ holds November output flat at 31.01 million bpd, extending October pause
The seven participating OPEC+ countries kept their September 2026 required production for November, extending the October pause.
Two more tankers struck near Hormuz, bringing the week's total to six
UKMTO reported that a Kuwaiti crude tanker, the Kazimah III, was hit in the Strait of Hormuz on October 1 and that a Panama-flagged crude tanker was struck while outbound on the evening of October 2.
Iran says it attacked 10 ships near Hormuz after US sinks five Iranian oil tankers
The US military said it destroyed five Iranian oil tankers overnight into 9 September, and Iran responded by saying it had attacked 10 ships near the Strait of Hormuz.
Brent rises to $95.92 as renewed Hormuz hostilities keep tankers away
Front-month ICE Brent rose $1.15 to $95.92 a barrel at 09:00 GMT on September 3 as renewed hostilities kept commercial vessels out of the Strait of Hormuz.
Brent climbs toward $85 as tanker attacks and US strikes stall Hormuz traffic
Brent traded at $85.02 a barrel on July 14, up about 2% from the prior close, with a session high of $87.39.
Brent settles at $73.74, lowest since before Iran war as Hormuz tankers exit
Brent settled at $73.74 a barrel on June 24, down $3.34 or 4.3%, its lowest settlement since before the Iran war began.
US and Iran sign interim deal: 60-day ceasefire extension, Hormuz reopening
The US and Iran signed an interim memorandum that extends the April ceasefire by 60 days and calls for a full reopening of the Strait of Hormuz.
OPEC+ seven countries raise output target 188,000 bpd from July
Seven OPEC+ countries agreed on June 7 to raise their output target by 188,000 barrels per day, effective in July.
OPEC+ sources point to 188,000 bpd June increase, largely on paper
Seven OPEC+ members agreed in principle to raise output targets by about 188,000 barrels per day for June, the third straight monthly increase, ahead of a Sunday policy meeting.
Brent tops $120 as Trump rejects Iranian proposal to reopen Hormuz
Brent crude futures rose above $120 a barrel on April 29, the highest level of the US-Israel-Iran war so far, and were up about 8% on the day.