The Hedge Book logo The Hedge Book Read smarter. Invest better.

← Back to Commodities

Covered Commodity and Power Product

Brent Crude

BZ=F · Front-month continuous futures · USD per barrel

Current futures price$105.70
Current price$105.70
Daily return-0.8%
Weekly return+1.8%
Monthly return+20.3%
YTD return+73.7%
Contract monthUnavailable
Contract expirationUnavailable
Rollover statusProvider-managed front-month continuous series; exact rollover methodology not supplied
Contract seriesFront-month continuous futures
RegionGlobal
Price-feed statusDelayed market data enabled
UnitsUSD per barrel
CurrencyUSD
ProviderYahoo Finance delayed futures data
Timestamp

Historical chart

Brent Crude historical futures price 121.92105.2888.6371.9955.352023-09-212024-03-212024-09-232025-03-252025-09-232026-03-262026-09-25 Date Futures price
2023-09-21 to 2026-09-25 · Range 58.92 to 118.35

AI-Assisted Chart Analysis

Brent Crude technical analysis

Calculated from verified chart history for the selected tenor; no news or fundamental assumptions are used.

Technical only
Trend

Constructive uptrend: the latest level is above the 50-period average and the 50-period average is above the 200-period average.

Momentum

RSI is 63, a neutral reading. Above 70 can signal extension; below 30 can signal exhaustion.

Support scenario

The first technical watch zone is 89.31. A break below 71.80 invalidates the near-term support setup.

Resistance scenario

The first resistance/watch zone is 108.75. A confirmed break above 108.75 supports continuation.

Risk

Annualized realized volatility is +39.4%. Maximum lookback drawdown is -39.5%, from a high-water mark of 118.35 to 71.57.

Potential levels are conditional chart scenarios, not personalized advice or instructions to buy or sell.

Current signal

  • Brent Crude (BZ=F) is currently trading at $106.45 per barrel, reflecting a 3.27% increase in the latest session.
  • The asset has demonstrated significant volatility, with a year-to-date gain of 74.94% and a one-month appreciation of 20.17%.
  • Current price signals are derived from delayed futures data, and the lack of real-time inventory or geopolitical supply-chain reports limits the ability to attribute this specific daily move to a singular fundamental catalyst.

What changed

  • The front-month continuous contract rose by $3.37 in the most recent session, reversing a trend of recent declines where the asset settled at $100.34 and $103.87 in prior reported periods.
  • Market sentiment has shifted from recent weekly declines of 0.71% to a sharp daily rally, outpacing the broader year-to-date trend.
  • The premium of Shanghai crude futures relative to Brent has reportedly narrowed, suggesting a potential shift in regional pricing dynamics or arbitrage flows.

Why it matters

  • The sustained high price environment, up over 70% year-to-date, continues to exert upward pressure on global energy inflation and input costs for downstream producers.
  • Divergence between Brent and WTI—where international supply disruptions are contrasted with stable U.S. production—creates specific investment implications for crude chemical companies that rely on domestic feedstock.
  • The narrowing of the Shanghai-Brent spread may indicate a rebalancing of global demand centers or a change in the relative scarcity of crude grades between Asian and Atlantic markets.

Bullish factors

  • International supply disruptions remain a primary driver of price support for Brent crude, distinguishing it from domestic U.S. crude benchmarks.
  • The rapid one-month price appreciation of over 20% indicates strong momentum and persistent demand-side pressure.
  • The structural shift in global energy pricing, evidenced by year-to-date gains across the energy complex, supports a higher floor for Brent valuations.

Bearish factors

  • Recent historical data points show the contract has struggled to maintain momentum, with settlements as low as $100.34 observed in the current evidence window.
  • The narrowing of the Shanghai crude future premium suggests that demand intensity in key Asian markets may be moderating relative to the global benchmark.
  • High volatility, as evidenced by the 3.40% drop reported in recent days, highlights the risk of sharp reversals in the current price environment.

Key catalysts

  • Monitoring of official IEA and OPEC supply-demand reports is required to confirm if the reported international supply disruptions are structural or transitory.
  • Changes in the Shanghai-Brent spread serve as a proxy for shifting global arbitrage opportunities and regional demand strength.
  • The stability of U.S. crude production versus international supply constraints remains the critical variable for the Brent-WTI spread.

Key risks

  • The reliance on delayed futures data creates a lag in identifying the precise geopolitical or supply-side events driving the current 3.27% daily move.
  • Market participants face significant volatility risk, as evidenced by the rapid swings between $100.34 and $106.45 within the current observation window.
  • The lack of real-time inventory data from the EIA prevents a definitive assessment of whether current price moves are supported by physical storage drawdowns.

Upcoming reports

  • Market participants should monitor forthcoming OPEC and IEA oil market reports for updates on global supply-demand balances.
  • Continued observation of EIA petroleum status reports is necessary to reconcile U.S. production levels with international price signals.
  • Future sessions will determine if the current price recovery can sustain levels above the $106 mark or if it will revert to the $100-$103 range observed earlier in the week.

Latest verified updates

  • Brent Crude is trading at $106.45, up 3.27% on the session, per Yahoo Finance delayed futures data.
  • Morningstar reported a settlement of $100.34 on September 21, 2026, and $103.87 on September 18, 2026, highlighting recent price volatility.
  • Social and reported signals indicate a narrowing of the Shanghai crude future premium versus Brent, alongside observations of international supply disruptions.

Sources

Yahoo Finance delayed futures data

Last updated: