Crude Oil Price (Brent)
Brent spot (FOB), the North Sea crude that prices roughly two-thirds of the world's internationally traded oil. Dollars per barrel, daily since May 1987, from the EIA via FRED. Compare with WTI: the Brent-WTI spread is the discount US refiners enjoy on domestic crude while selling products at global prices.
Brent spot FOB ($/barrel)
- YoY %
- 86.9%
Next release: Oct 15, 2026
Latest reading
As of October 6, 2026, Brent Crude (Brent spot FOB ($/barrel)) stands at $125.44 — down from $125.51 the prior reading, 13% below the July 3, 2008 record of $143.95. The July 3, 2008 peak of $143.95 is the record before and after inflation: $219.61 in August 2026 dollars, which puts the latest reading ($125.44, October 6, 2026) 43% below it. Brent is the price the rest of the world pays for oil, and its spread over WTI is a live read on US export logistics and inland gluts: on October 6, 2026 Brent traded $29.20 over WTI, the 100th percentile of 9,814 daily readings since 1987. Read the level for the global oil cycle and the YoY rate as the inflation impulse; a wide Brent premium is a tailwind for US refiners, who buy WTI-linked crude and sell products at prices set by the wider market. Series history runs from 1987 to present.
Sources, methodology & freshnessEIA via FRED (DCOILBRENTEU), daily, dollars per barrel, not seasonally adjusted · Daily, with every releaseData as of 2026-10-06 · Open ↓Close ↑
Full history
Price ($/barrel)
Year-over-year %
The annual change in the Brent price — the global oil-inflation impulse, alongside WTI's US-centric read.
Real price (August 2026 dollars)
The Brent spot price restated in August 2026 dollars, so every past reading buys the same basket as today. Each day takes the CPI of its month.
Deflated by CPI-U (BLS), matched by month; the latest months appear once CPI is published.
Methodology & data
Brent Crude is sourced from EIA via the Federal Reserve's FRED service (EIA via FRED (DCOILBRENTEU), daily, dollars per barrel, not seasonally adjusted). We pull the complete history, chart it on a daily basis, overlay SPY for context, and generate a dated plain-English reading from the latest release — with no smoothing or adjustment beyond what the chart legend states.
Every reading is stamped with its release date. Latest observation 2026-10-06; site refreshed 2026-10-07. Maintained and reviewed by Yuriy Matso; see our methodology for the standards every series on the site is held to.
Frequently asked questions
What is the Crude Oil Price (Brent)?
Brent spot (FOB), the North Sea crude that prices roughly two-thirds of the world's internationally traded oil. Dollars per barrel, daily since May 1987, from the EIA via FRED. Compare with WTI: the Brent-WTI spread is the discount US refiners enjoy on domestic crude while selling products at global prices.
How do you read Brent Crude?
Brent is the price the rest of the world pays for oil, and its spread over WTI is a live read on US export logistics and inland gluts: on October 6, 2026 Brent traded $29.20 over WTI, the 100th percentile of 9,814 daily readings since 1987. Read the level for the global oil cycle and the YoY rate as the inflation impulse; a wide Brent premium is a tailwind for US refiners, who buy WTI-linked crude and sell products at prices set by the wider market.
Where does the Brent Crude data come from?
EIA via FRED (DCOILBRENTEU), daily, dollars per barrel, not seasonally adjusted. We chart the full history and publish a dated, plain-English reading with every release; the raw series is downloadable as CSV at /data/indicators/brent-crude-price.csv.
How often is Brent Crude updated?
Brent Crude is a daily series from EIA, refreshed here as soon as a new release posts to FRED.
Brent spot FOB ($/barrel)
- YoY %
- 86.9%
Next release: Oct 15, 2026