Brent oil · Brent Crude Oil Futures

Brent oil · Brent Crude Oil Futures last traded at 110.84 USD. Over the past month the price moved +5.28%. Historical scenarios, expert targets and the plain-language read from AIsier.

Commodities · Data as of Oct. 28, 2026

One-year price chart

Oct. 28, 2025Oct. 28, 2026

Last price

110.84 USD

1 week: +1.86%
1 month: +5.28%
3 months: +24.50%
1 year: +72.11%
52-week high: 118.35 USD
52-week low: 58.92 USD

58.92 USD118.35 USD

Commodities

Currency: USD

AIsier's plain-language read

Written by an AI model for AIsier on the date shown, from the data listed below. It describes; it does not advise. Oct. 28, 2026

Based on: price history · long-term trend · fundamentals (11) · past events that name it (4) · past events for its asset class (4) · recent news · Methodology

Brent crude has climbed roughly 72% over the past year, ranking first among major commodities.

What is going on right now?

The price sits near $111 per barrel, up about 12% in the last month alone. That said, trading activity has been unusually thin lately, with volume at roughly a tenth of its recent average.

What drives the price?

Brent moves with global oil supply and demand. A stronger US dollar tends to push it down since oil is priced in dollars, and right now the dollar is firm.

What stands out?

European natural gas prices have hit their highest level since 2022, and that kind of energy squeeze can spill into oil markets. Meanwhile, a reported fire at a major Saudi export terminal was contained, which may ease some supply worry.

What comes next?

US consumer confidence just hit 48.0, close to a record low. Weak confidence has historically pulled energy demand down, so that reading and the next one are worth tracking closely.

What experts said about this asset

Summary written by AIsier from public statements. Where no verified statement exists for the week, the summary says so.

Citi Research · Week of Oct. 12, 2026

Around late September to early October 2026, in their quarterly outlook and economist commentary.

What did Citi Research say about Brent crude?

In their Q4 2026 markets podcast and in comments from their Global Chief Economist Nathan Sheets, Citi Research noted that Brent crude oil prices had risen to near $100 a barrel. They framed this as one of the key pressures on the broader economy alongside rising interest rates.

What does that actually mean for you?

Citi Research wasn't giving a specific price target or direction for oil. They were pointing out that oil near $100 is already acting like a headwind for the global economy, making everything from shipping to heating more expensive. Think of it like a tax that touches almost every product you use daily.

What's worth keeping an eye on?

The headlines this week about Houthi attacks on Saudi Arabia and broader Middle East tensions are exactly the kind of events that can push oil prices higher still. Citi's team flagged this environment as one reason they see the global economy in a late-cycle phase, where surprises tend to sting more.

Based on a live scan of their X posts and the news.

Historical scenarios that name this asset

FAQ

What is the current price of Brent oil · Brent Crude Oil Futures?

As of Oct. 28, 2026, the latest recorded price of Brent oil · Brent Crude Oil Futures was 110.84 USD.

How has Brent oil · Brent Crude Oil Futures moved recently?

Measured from closing prices: +1.86% over one week, +5.28% over one month and +72.11% over one year.

Which historical scenarios name Brent oil · Brent Crude Oil Futures?

Brent oil · Brent Crude Oil Futures appears in 4 documented scenarios, including Energy Crisis, Middle East War Escalation, Oil Shipping Route Disruption.

AIsier does not give investment advice. Every figure on this page is a measurement of past prices or a quote from a named source, never a recommendation to buy, sell or hold.