29 resultsfor “Current Brent crude oil price”
Brent crude is down 3.8% so far in Tuesday trading to $95.54 a barrel, while US traded West Texas Intermediate is down 6.1% to $92.85. The falls come after oil prices [jumped above
prices are spiking again as efforts to resolve the [Iran war](/news/liveblog/2026/5/1/iran-war-live-tehran-says-us-ports-siege-intolerable-trump-mulls-action) remain at an impasse, with Tehran continuing to block the Strait of Hormuz and the United States Navy blockading Iranian ports and exports
Brent crude – the global benchmark for wholesale oil prices – has been very volatile, jumping from $73 to [$126 a barrel at one point](https://www.bbc.co.uk/news/articles/cx21m88rd14o), the highest since Russia's full-scale invasion
crude was trading at $111.85, up from $72.87 on February 27. At the pump in the US, that has translated into the highest level in nearly four years for the average price of petrol. Petrol
currently no plans to participate in the next round of Iran-US talks”**. The **Fars** and **Tasnim** **news agencies** had earlier cited anonymous sources as saying “the overall atmosphere cannot be assessed as very positive
Brent crude past the key threshold on Tuesday, before it later eased back to about $99. The conflict and resulting blockade of fossil fuel shipping through the strait of Hormuz have sent oil soaring, [topping
Brent crude – the global benchmark for oil prices – closed at $72.48 per barrel. After Iran closed the waterway on March 4 and began attacks on vessels attempting to sail through, traffic came to a standstill
current ceasefire looms. The US vice-president will travel with Steve Witkoff, Donald Trump’s special envoy, and Jared Kushner, the president’s son-in-law – though Iran’s president warned there remained a “deep
currently about 113 million barrels of oil or liquid volume (Mbbl) of Russian crude and condensate loaded on ships and at sea. Russian crude oil in transit is approximately 106Mbbls. Johannes Rauball, a senior crude