Brent Crude Oil Price, September 2026
Brent crude averaged $114.16 per barrel in September 2026, $23 more than in August, and WTI averaged $97.31 (EIA spot). Attacks on Gulf energy infrastructure, including the Saudi East-West pipeline that bypasses Hormuz, took Brent spot from $96.02 on 1 September to $130.80 on 15 September.
| Benchmark | Average | High | Low | First close | Last close | Change vs prior month-end |
|---|---|---|---|---|---|---|
| Brent (Europe spot FOB) | $114.16 | $130.80 (15 September) | $96.02 (1 September) | $96.02 (1 September) | $115.91 (30 September) | +29.1% |
| WTI (Cushing spot) | $97.31 | $107.02 (15 September) | $85.23 (25 September) | $91.48 (1 September) | $97.18 (30 September) | +11.7% |
Source: U.S. Energy Information Administration (EIA), Europe Brent Spot Price FOB and Cushing, OK WTI Spot Price FOB, daily series (release of 7 October 2026), mirrored by FRED as DCOILBRENTEU and DCOILWTICO. Averages are simple means of the trading days with a price.
All prices on this page are EIA spot assessments: Brent is the physical North Sea price (see Dated Brent) and WTI is the Cushing, Oklahoma spot price. Since the Strait of Hormuz closed in March, physical Brent has often traded far above the front-month ICE Brent futures price quoted in news headlines, so a headline "Brent price" for a given day can be several dollars, at times more than $25, lower than the figures here.
September 2026 in numbers
Brent spot rose 29% over the month to $115.91 on 30 September, WTI 12% to $97.18. The EIA reports that front-month Brent futures passed $100 on 9 September and peaked at $109 on 15 September, when spot reached about $131. That gap of more than $20 shows how scarce prompt physical barrels were. Futures averaged about $104 in the last two weeks of the quarter. The Brent-WTI spot spread averaged $16.85. No WTI spot price was published for 7 September (US Labor Day).
The WTI spot low of $85.23 on 25 September is an outlier in the EIA series: WTI spot was $95.88 the day before and $99.37 the next trading day.
What moved oil in September 2026
- 1–9 September: renewed escalation. Brent spot rose every day in the first week, from $96.02 to $109.51 on 9 September, when front-month futures closed above $100 after "escalating attacks on energy infrastructure" (EIA).
- 10 September: East-West pipeline hit. Drones launched from Iraq damaged Saudi Arabia's East-West pipeline, the main route for Saudi crude around Hormuz, and Riyadh closed it as a "precautionary" step (CNBC). Brent spot jumped 10.5% to $120.98.
- 15 September: peak. Brent futures settled at $108.75, after rising more than 20% in the month, and Brent spot hit $130.80 (EIA). Goldman Sachs said the attacks raised the odds of Brent above $120.
- 16–22 September: pipeline restart. Prices fell after the US said the pipeline would restart within days (CNBC, 16 September). The EIA says flows partially resumed on 22 September, and Riyadh later restored flows of around 3.5 million b/d.
- 28–29 September: Red Sea exports recover. Brent futures fell 2.6% to $102.59 on 29 September as crude exports from Saudi Arabia's Red Sea ports recovered (CNBC).
What the EIA expects next
In its Short-Term Energy Outlook of 6 October 2026, the EIA puts Brent spot at an average of $114 in September and forecasts $105 for the fourth quarter of 2026, $96 for 2026 as a whole and $84 for 2027. It assumes Middle East flows stay constrained through the end of 2026, with shut-ins of about 4.5 million b/d, down from 4.8 million b/d in September. See oil price forecast for other outlooks, Brent vs WTI for the spread, and the live Brent price.
Daily Brent and WTI prices, September 2026
| Date | Brent | Brent daily change | WTI | Brent minus WTI |
|---|---|---|---|---|
| Tue 1 September | $96.02 | +6.27 | $91.48 | +4.54 |
| Wed 2 September | $97.59 | +1.57 | $92.15 | +5.44 |
| Thu 3 September | $100.52 | +2.93 | $92.55 | +7.97 |
| Fri 4 September | $102.24 | +1.72 | $92.69 | +9.55 |
| Mon 7 September | $104.47 | +2.23 | n/a | – |
| Tue 8 September | $106.12 | +1.65 | $94.21 | +11.91 |
| Wed 9 September | $109.51 | +3.39 | $97.26 | +12.25 |
| Thu 10 September | $120.98 | +11.47 | $103.57 | +17.41 |
| Fri 11 September | $118.06 | −2.92 | $101.27 | +16.79 |
| Mon 14 September | $121.25 | +3.19 | $102.42 | +18.83 |
| Tue 15 September | $130.80 | +9.55 | $107.02 | +23.78 |
| Wed 16 September | $127.84 | −2.96 | $103.62 | +24.22 |
| Thu 17 September | $121.18 | −6.66 | $103.21 | +17.97 |
| Fri 18 September | $119.66 | −1.52 | $101.44 | +18.22 |
| Mon 21 September | $116.15 | −3.51 | $96.97 | +19.18 |
| Tue 22 September | $114.89 | −1.26 | $96.41 | +18.48 |
| Wed 23 September | $117.45 | +2.56 | $93.38 | +24.07 |
| Thu 24 September | $120.92 | +3.47 | $95.88 | +25.04 |
| Fri 25 September | $116.01 | −4.91 | $85.23 | +30.78 |
| Mon 28 September | $119.97 | +3.96 | $99.37 | +20.60 |
| Tue 29 September | $113.96 | −6.01 | $96.16 | +17.80 |
| Wed 30 September | $115.91 | +1.95 | $97.18 | +18.73 |
Source: U.S. Energy Information Administration (EIA), Europe Brent Spot Price FOB and Cushing, OK WTI Spot Price FOB, daily series (release of 7 October 2026), mirrored by FRED as DCOILBRENTEU and DCOILWTICO. Averages are simple means of the trading days with a price.
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September 2026 oil price FAQ
What was the average Brent price in September 2026?
Brent spot averaged $114.16 per barrel in September 2026, according to the EIA, $23 more than in August. WTI averaged $97.31. Attacks on Gulf energy infrastructure, including Saudi Arabia's East-West pipeline, drove the increase. It was the second-highest monthly average of 2026 after April.
What was the highest Brent price in September 2026?
Brent spot reached $130.80 per barrel on 15 September 2026 (EIA). Front-month ICE Brent futures peaked the same day, settling at $108.75. The more than $20 gap reflects the premium paid for prompt physical cargoes. WTI spot peaked at $107.02 the same day.
Why did oil prices rise in September 2026?
Prices rose because attacks hit Gulf energy infrastructure. On 10 September, drones damaged Saudi Arabia's East-West pipeline, the main bypass around the Strait of Hormuz, forcing its closure. Brent futures passed $100 on 9 September and peaked on 15 September, before easing as the pipeline restarted.
What was the oil price at the end of September 2026?
On 30 September 2026, Brent spot closed at $115.91 and WTI spot at $97.18 per barrel (EIA). Front-month Brent futures had settled at $102.59 on 29 September, after Saudi crude exports from Red Sea ports recovered. Brent spot still ended September 29% higher than at the end of August.
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