Brent crude oil price

Projected average spot price of Brent crude oil.

Global · $/barrel45 extracted figures3 institutions2 comparable groups

Revisions on this metric

20 on record

2026-09-09EIA 2026 full year · Annual average spot price87→91

2026-09-09EIA 2027 full year · Annual average spot price~~$69/b~~→74

2026-09-03EIA April 2027 · Monthly average spot price72→80

2026-09-03EIA August 2027 · Monthly average spot price68→70

2026-09-03EIA December 2026 · Monthly average spot price76→89

2026-09-03EIA December 2027 · Monthly average spot price64→62

2026-09-03EIA February 2027 · Monthly average spot price74→85

2026-09-03EIA January 2027 · Monthly average spot price75→87

2026-09-03EIA July 2027 · Monthly average spot price69→72

2026-09-03EIA June 2027 · Monthly average spot price70→74

2026-09-03EIA March 2027 · Monthly average spot price73→83

2026-09-03EIA May 2027 · Monthly average spot price71→77

2026-09-03EIA November 2026 · Monthly average spot price78→91

2026-09-03EIA November 2027 · Monthly average spot price65→64

2026-09-03EIA October 2026 · Monthly average spot price80→92

2026-09-03EIA September 2026 · Monthly average spot price85→93

2026-09-03EIA September 2027 · Monthly average spot price67→68

2026-08-11EIA 2026 Q3 · Quarterly average~~$74/b in 3Q26~~→around $85 per barrel (b)

2026-08-11EIA 2026 full year · Annual average spot price~~$82/bbl~~→87

2026-08-11EIA 2027 full year · Annual average spot price~~$65/b in 2027~~→$69/b

2027 full year · Annual average spot price

2 institutions

Forecasts by report dateGlobal

EmphasisedOther institutionsConsensus

Institution	Period	Reported	Forecast
EIA	2027 full year“\| Brent crude oil <br>(dollars per barrel) \| 81 \| 69 \| 91 \| 74 \|” — Overview table, Brent crude oil row, 2027projected column · source ↗	2026-09-09	74
EIA	2027 full year“As inventories rebuild, with most production expected to recover by early 2027, we expect the Brent spot price to gradually fall to an average of $69/b in 2027.” — Forecast overview, Global oil prices · source ↗	2026-08-11	$69/b
EIA	2027 full year“We expect ongoing oil inventory accumulation over the next year will continue to put downward pressure on crude oil prices, with Brent falling to an average of $65/b in 2027.” — Forecast overview, Oil prices · source ↗	2026-07-07	$65/b in 2027
Deloitte	2027 full year“Our baseline forecast assumes that the price of Brent crude averages US$92 per barrel in 2026 and falls to US$80 per barrel in 2027.” — Baseline section · source ↗	2026-07-01	US$80 per barrel

Readout

Consensus: $77.00/bbl
Spread: +$6.00/bbl
Low: $74.00/bbl
High: $80.00/bbl
Reporting: 2
Basis: Annual average spot price

2026 full year · Annual average spot price

2 institutions

Forecasts by report dateGlobal

EmphasisedOther institutionsConsensus

Institution	Period	Reported	Forecast
EIA	2026 full year“\| Brent crude oil <br>(dollars per barrel) \| 81 \| 69 \| 91 \| 74 \|” — Overview table, Brent crude oil row, 2026projected column · source ↗	2026-09-09	91
EIA	2026 full year“\| Brent crude oil <br>(dollars per barrel) \| 81 \| 69 \| 87 \| 69 \|” — Overview table, 2026projected column · source ↗	2026-08-11	87
EIA	2026 full year“Brent crude oil spot price (dollars per barrel) \| $82” — Notable forecast changes · 2026 · source ↗	2026-07-07	$82/bbl
Deloitte	2026 full year“Our baseline forecast assumes that the price of Brent crude averages US$92 per barrel in 2026 and falls to US$80 per barrel in 2027.” — Baseline section · source ↗	2026-07-01	US$92 per barrel

Readout

Consensus: $91.50/bbl
Spread: +$1.00/bbl
Low: $91.00/bbl
High: $92.00/bbl
Reporting: 2
Basis: Annual average spot price

2026 Q3 · Quarterly average

1 institution

Forecasts by report dateGlobal

EmphasisedOther institutionsConsensus

Institution	Period	Reported	Forecast
EIA	2026 Q3“We now forecast the Brent crude oil spot price to average around $85 per barrel (b) in the third quarter of 2026 (3Q26).” — Forecast overview, Global oil prices · source ↗	2026-08-11	around $85 per barrel (b)
EIA	2026 Q3“The Brent price in our forecast averages $74/b in 3Q26, a reduction of $27/b from last month’s outlook.” — Forecast overview, Oil prices · source ↗	2026-07-07	$74/b in 3Q26

Readout

Low: $85.00/bbl
High: $85.00/bbl
Reporting: 1
Basis: Quarterly average

One institution reporting — no consensus is claimed.

2026 Q3 · Quarterly average spot price

1 institution

Single reported figureGlobal

Institution	Period	Reported	Forecast
EIA	2026 Q3“We now forecast the Brent crude oil spot price to average around $85 per barrel (b) in the third quarter of 2026 (3Q26).” — Forecast overview, Global oil prices · source ↗	2026-08-11	$85 per barrel (b)

Readout

Low: $85.00/bbl
High: $85.00/bbl
Reporting: 1
Basis: Quarterly average spot price

One institution reporting — no consensus is claimed.

2026 Q4 · Quarterly average front contract

1 institution

Single reported figureGlobal

Institution	Period	Reported	Forecast
Wells Fargo	2026 Q4“Crude Oil - Brent - Front Contract (h) \| 2026 4Q \| 78.7” — U.S. Economic Forecast table · 2026 Q4 · source ↗	2026-07-30	$78.70/bbl

Readout

Low: $78.70/bbl
High: $78.70/bbl
Reporting: 1
Basis: Quarterly average front contract

One institution reporting — no consensus is claimed.

April 2027 · Monthly average spot price

1 institution

Forecasts by report dateGlobal

EmphasisedOther institutionsConsensus

Institution	Period	Reported	Forecast
EIA	April 2027“BREPUUS Brent Spot Average, April 2027: 80” — Table 2 (2tab), series BREPUUS, column 202704 · source ↗	2026-09-03	80
EIA	April 2027“BREPUUS Brent Spot Average, April 2027: 72” — Table 2 (2tab), series BREPUUS, column 202704 · source ↗	2026-08-06	72

Readout

Low: $80.00/bbl
High: $80.00/bbl
Reporting: 1
Basis: Monthly average spot price

One institution reporting — no consensus is claimed.

August 2026 · Monthly average spot price

1 institution

Single reported figureGlobal

Institution	Period	Reported	Forecast
EIA	August 2026“BREPUUS Brent Spot Average, August 2026: 87” — Table 2 (2tab), series BREPUUS, column 202608 · source ↗	2026-08-06	87

Readout

Low: $87.00/bbl
High: $87.00/bbl
Reporting: 1
Basis: Monthly average spot price

One institution reporting — no consensus is claimed.

August 2027 · Monthly average spot price

1 institution

Forecasts by report dateGlobal

EmphasisedOther institutionsConsensus

Institution	Period	Reported	Forecast
EIA	August 2027“BREPUUS Brent Spot Average, August 2027: 70” — Table 2 (2tab), series BREPUUS, column 202708 · source ↗	2026-09-03	70
EIA	August 2027“BREPUUS Brent Spot Average, August 2027: 68” — Table 2 (2tab), series BREPUUS, column 202708 · source ↗	2026-08-06	68

Readout

Low: $70.00/bbl
High: $70.00/bbl
Reporting: 1
Basis: Monthly average spot price

One institution reporting — no consensus is claimed.

December 2026 · Monthly average spot price

1 institution

Forecasts by report dateGlobal

EmphasisedOther institutionsConsensus

Institution	Period	Reported	Forecast
EIA	December 2026“BREPUUS Brent Spot Average, December 2026: 89” — Table 2 (2tab), series BREPUUS, column 202612 · source ↗	2026-09-03	89
EIA	December 2026“BREPUUS Brent Spot Average, December 2026: 76” — Table 2 (2tab), series BREPUUS, column 202612 · source ↗	2026-08-06	76

Readout

Low: $89.00/bbl
High: $89.00/bbl
Reporting: 1
Basis: Monthly average spot price

One institution reporting — no consensus is claimed.

December 2027 · Monthly average spot price

1 institution

Forecasts by report dateGlobal

EmphasisedOther institutionsConsensus

Institution	Period	Reported	Forecast
EIA	December 2027“BREPUUS Brent Spot Average, December 2027: 62” — Table 2 (2tab), series BREPUUS, column 202712 · source ↗	2026-09-03	62
EIA	December 2027“BREPUUS Brent Spot Average, December 2027: 64” — Table 2 (2tab), series BREPUUS, column 202712 · source ↗	2026-08-06	64

Readout

Low: $62.00/bbl
High: $62.00/bbl
Reporting: 1
Basis: Monthly average spot price

One institution reporting — no consensus is claimed.

February 2027 · Monthly average spot price

1 institution

Forecasts by report dateGlobal

EmphasisedOther institutionsConsensus

Institution	Period	Reported	Forecast
EIA	February 2027“BREPUUS Brent Spot Average, February 2027: 85” — Table 2 (2tab), series BREPUUS, column 202702 · source ↗	2026-09-03	85
EIA	February 2027“BREPUUS Brent Spot Average, February 2027: 74” — Table 2 (2tab), series BREPUUS, column 202702 · source ↗	2026-08-06	74

Readout

Low: $85.00/bbl
High: $85.00/bbl
Reporting: 1
Basis: Monthly average spot price

One institution reporting — no consensus is claimed.

January 2027 · Monthly average spot price

1 institution

Forecasts by report dateGlobal

EmphasisedOther institutionsConsensus

Institution	Period	Reported	Forecast
EIA	January 2027“BREPUUS Brent Spot Average, January 2027: 87” — Table 2 (2tab), series BREPUUS, column 202701 · source ↗	2026-09-03	87
EIA	January 2027“BREPUUS Brent Spot Average, January 2027: 75” — Table 2 (2tab), series BREPUUS, column 202701 · source ↗	2026-08-06	75

Readout

Low: $87.00/bbl
High: $87.00/bbl
Reporting: 1
Basis: Monthly average spot price

One institution reporting — no consensus is claimed.

July 2027 · Monthly average spot price

1 institution

Forecasts by report dateGlobal

EmphasisedOther institutionsConsensus

Institution	Period	Reported	Forecast
EIA	July 2027“BREPUUS Brent Spot Average, July 2027: 72” — Table 2 (2tab), series BREPUUS, column 202707 · source ↗	2026-09-03	72
EIA	July 2027“BREPUUS Brent Spot Average, July 2027: 69” — Table 2 (2tab), series BREPUUS, column 202707 · source ↗	2026-08-06	69

Readout

Low: $72.00/bbl
High: $72.00/bbl
Reporting: 1
Basis: Monthly average spot price

One institution reporting — no consensus is claimed.

June 2027 · Monthly average spot price

1 institution

Forecasts by report dateGlobal

EmphasisedOther institutionsConsensus

Institution	Period	Reported	Forecast
EIA	June 2027“BREPUUS Brent Spot Average, June 2027: 74” — Table 2 (2tab), series BREPUUS, column 202706 · source ↗	2026-09-03	74
EIA	June 2027“BREPUUS Brent Spot Average, June 2027: 70” — Table 2 (2tab), series BREPUUS, column 202706 · source ↗	2026-08-06	70

Readout

Low: $74.00/bbl
High: $74.00/bbl
Reporting: 1
Basis: Monthly average spot price

One institution reporting — no consensus is claimed.

March 2027 · Monthly average spot price

1 institution

Forecasts by report dateGlobal

EmphasisedOther institutionsConsensus

Institution	Period	Reported	Forecast
EIA	March 2027“BREPUUS Brent Spot Average, March 2027: 83” — Table 2 (2tab), series BREPUUS, column 202703 · source ↗	2026-09-03	83
EIA	March 2027“BREPUUS Brent Spot Average, March 2027: 73” — Table 2 (2tab), series BREPUUS, column 202703 · source ↗	2026-08-06	73

Readout

Low: $83.00/bbl
High: $83.00/bbl
Reporting: 1
Basis: Monthly average spot price

One institution reporting — no consensus is claimed.

May 2027 · Monthly average spot price

1 institution

Forecasts by report dateGlobal

EmphasisedOther institutionsConsensus

Institution	Period	Reported	Forecast
EIA	May 2027“BREPUUS Brent Spot Average, May 2027: 77” — Table 2 (2tab), series BREPUUS, column 202705 · source ↗	2026-09-03	77
EIA	May 2027“BREPUUS Brent Spot Average, May 2027: 71” — Table 2 (2tab), series BREPUUS, column 202705 · source ↗	2026-08-06	71

Readout

Low: $77.00/bbl
High: $77.00/bbl
Reporting: 1
Basis: Monthly average spot price

One institution reporting — no consensus is claimed.

November 2026 · Monthly average spot price

1 institution

Forecasts by report dateGlobal

EmphasisedOther institutionsConsensus

Institution	Period	Reported	Forecast
EIA	November 2026“BREPUUS Brent Spot Average, November 2026: 91” — Table 2 (2tab), series BREPUUS, column 202611 · source ↗	2026-09-03	91
EIA	November 2026“BREPUUS Brent Spot Average, November 2026: 78” — Table 2 (2tab), series BREPUUS, column 202611 · source ↗	2026-08-06	78

Readout

Low: $91.00/bbl
High: $91.00/bbl
Reporting: 1
Basis: Monthly average spot price

One institution reporting — no consensus is claimed.

November 2027 · Monthly average spot price

1 institution

Forecasts by report dateGlobal

EmphasisedOther institutionsConsensus

Institution	Period	Reported	Forecast
EIA	November 2027“BREPUUS Brent Spot Average, November 2027: 64” — Table 2 (2tab), series BREPUUS, column 202711 · source ↗	2026-09-03	64
EIA	November 2027“BREPUUS Brent Spot Average, November 2027: 65” — Table 2 (2tab), series BREPUUS, column 202711 · source ↗	2026-08-06	65

Readout

Low: $64.00/bbl
High: $64.00/bbl
Reporting: 1
Basis: Monthly average spot price

One institution reporting — no consensus is claimed.

October 2026 · Monthly average spot price

1 institution

Forecasts by report dateGlobal

EmphasisedOther institutionsConsensus

Institution	Period	Reported	Forecast
EIA	October 2026“BREPUUS Brent Spot Average, October 2026: 92” — Table 2 (2tab), series BREPUUS, column 202610 · source ↗	2026-09-03	92
EIA	October 2026“BREPUUS Brent Spot Average, October 2026: 80” — Table 2 (2tab), series BREPUUS, column 202610 · source ↗	2026-08-06	80

Readout

Low: $92.00/bbl
High: $92.00/bbl
Reporting: 1
Basis: Monthly average spot price

One institution reporting — no consensus is claimed.

October 2027 · Monthly average spot price

1 institution

Forecasts by report dateGlobal

EmphasisedOther institutionsConsensus

Institution	Period	Reported	Forecast
EIA	October 2027“BREPUUS Brent Spot Average, October 2027: 66” — Table 2 (2tab), series BREPUUS, column 202710 · source ↗	2026-09-03	66
EIA	October 2027“BREPUUS Brent Spot Average, October 2027: 66” — Table 2 (2tab), series BREPUUS, column 202710 · source ↗	2026-08-06	66

Readout

Low: $66.00/bbl
High: $66.00/bbl
Reporting: 1
Basis: Monthly average spot price

One institution reporting — no consensus is claimed.

September 2026 · Monthly average spot price

1 institution

Forecasts by report dateGlobal

EmphasisedOther institutionsConsensus

Institution	Period	Reported	Forecast
EIA	September 2026“BREPUUS Brent Spot Average, September 2026: 93” — Table 2 (2tab), series BREPUUS, column 202609 · source ↗	2026-09-03	93
EIA	September 2026“BREPUUS Brent Spot Average, September 2026: 85” — Table 2 (2tab), series BREPUUS, column 202609 · source ↗	2026-08-06	85

Readout

Low: $93.00/bbl
High: $93.00/bbl
Reporting: 1
Basis: Monthly average spot price

One institution reporting — no consensus is claimed.

September 2027 · Monthly average spot price

1 institution

Forecasts by report dateGlobal

EmphasisedOther institutionsConsensus

Institution	Period	Reported	Forecast
EIA	September 2027“BREPUUS Brent Spot Average, September 2027: 68” — Table 2 (2tab), series BREPUUS, column 202709 · source ↗	2026-09-03	68
EIA	September 2027“BREPUUS Brent Spot Average, September 2027: 67” — Table 2 (2tab), series BREPUUS, column 202709 · source ↗	2026-08-06	67

Readout

Low: $68.00/bbl
High: $68.00/bbl
Reporting: 1
Basis: Monthly average spot price

One institution reporting — no consensus is claimed.