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ARCHIVED EDITION · superseded 2026-10-16. This is a preserved past edition of a living page. Read the current edition.

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A reference page, updated as the facts change rather than written once.

Aerial view of the terraced open pit of the Chuquicamata copper mine near Calama, Chile.
Source: Owen Cliffe, CC BY-SA 3.0, via Wikimedia Commons

Where the Brent crude oil spot price stands versus its history

The Brent crude oil spot price was $125.44 a barrel on Oct 6, 2026, in the upper third of its 12 month range. Updated when the US Energy Information Administration publishes a new reading.

Octans ResearchPublished

Snapshot

The Brent crude oil spot price was $125.44 a barrel on Oct 6, 2026, in the upper third of its 12 month range. The highest reading in the data is $143.95 a barrel on Jul 3, 2008 and the lowest is $9.10 a barrel on Dec 10, 1998; the data starts on May 20, 1987.

Coverage
Independent Research
Prepared by
Octans Research
How produced
AI drafted from cited sources, automated checks
Sector
commodities
As of

What We Know

  • Latest reading: $125.44 a barrel on Oct 6, 2026.
  • Previous reading: $125.51 a barrel on Oct 5, 2026, so the latest is down 0.1%.
  • One week earlier: $113.96 a barrel on Sep 29, 2026; up 10.1% since.
  • One year earlier: $67.09 a barrel on Oct 6, 2025; up 87.0% since.
  • 12 month high: $138.21 a barrel on Apr 7, 2026. 12 month low: $59.93 a barrel on Dec 16, 2025.
  • 5 year high: $138.21 a barrel on Apr 7, 2026. 5 year low: $59.93 a barrel on Dec 16, 2025.
  • Highest since: the latest reading is the highest since Oct 5, 2026, the last time the series was at or above this level.
  • Lowest since: the latest reading is the lowest since Oct 1, 2026, the last time the series was at or below this level.
  • Highest in data back to May 20, 1987: $143.95 a barrel on Jul 3, 2008. Lowest: $9.10 a barrel on Dec 10, 1998.

Octans View

At $125.44 a barrel, the Brent crude oil spot price sits 84% of the way from its 12 month low to its 12 month high. Over the past year it is up 87.0%.

Bear Case · Room for Disagreement

Limits. This page shows daily readings, not intraday levels; a market can trade above or below them during a session. The US Energy Information Administration data reach FRED with a lag of about one week, so the latest reading can trail the market. Records refer only to the history this source carries; older data from other sources may show higher or lower levels. Nothing here is a forecast.

Method and source. Octans Research computes every figure on this page from the full published history of Federal Reserve Bank of St. Louis (FRED) series DCOILBRENTEU. "Highest since" is the last earlier date when the series was at or above the latest reading. The page is regenerated by a fixed template when a new reading is published; no model wrote it.

Chart

Brent crude oil spot price, in the upper third of its 12 month range Brent crude oil spot price, in the upper third of its 12 month range: series rising from 82.2USD to 125USD (+43.3USD) from 2021-10-08 to 2026-10-06. Scale 60USD to 140USD. 60USD80USD100USD120USD140USD 2021-10-082026-10-06 BRENT CRUDE OIL SPOT PRICE, IN THE UPPER THIRD OF ITS 12 MONTH RANGE +43.3USD 125.4USD
Source: Federal Reserve Bank of St. Louis (FRED) · As of 2026-10-06Indicative, not investment advice.

Sources

  1. [1]Federal Reserve Bank of St. Louis (FRED) — Brent crude oil spot price, full daily history (series DCOILBRENTEU)

These are the sources this piece was drafted from. How we verify. Found an error? Tell us and we correct it in public.

0.1%

• Previous reading: $125.51 a barrel on Oct 5, 2026, so the latest is down 0.1% · What we know