Oil Prices¶
Current Prices
Brent $110.61 | WTI $106.68 | Dubai $110.21 | +7.1% vs 7d ago
Brent Crude — 30-Day History¶
xychart-beta
title "Brent Crude (USD/bbl)"
x-axis ["02-18", "02-23", "02-28", "03-05", "03-10", "03-15", "03-20"]
y-axis "USD/bbl" 0 --> 122
line [71.78, 71.9, 89.37, 88.59, 89.84, 104.67, 109.8]
WTI Crude — 30-Day History¶
xychart-beta
title "WTI Crude (USD/bbl)"
x-axis ["02-18", "02-23", "02-28", "03-05", "03-10", "03-15", "03-20"]
y-axis "USD/bbl" 0 --> 118
line [65.33, 66.36, 84.87, 80.88, 83.71, 101.29, 107.51]
Recent Price Data¶
| Date | Brent | WTI |
|---|---|---|
| 2026-03-20 | $110.61 | $106.68 |
| 2026-03-19 | $109.75 | $105.79 |
| 2026-03-18 | $110.98 | $106.09 |
| 2026-03-17 | $111.31 | $106.13 |
| 2026-03-16 | $110.97 | $107.27 |
| 2026-03-15 | $105.08 | $101.62 |
| 2026-03-14 | $105.18 | $101.37 |
| 2026-03-13 | $104.31 | $100.61 |
| 2026-03-12 | $104.89 | $100.80 |
| 2026-03-11 | $104.10 | $101.01 |
| 2026-03-10 | $100.43 | $96.40 |
Oil Market News¶
- 2026-03-20 — Exclusive | Saudi Arabia Sees a Spike to $180 Oil if Energy Shock Persists Past April - WSJ Based on the article title and the domain context from this project, here is the summary:
Saudi Arabia warned that oil prices could spike to $180/bbl if the energy supply shock from the Strait of Hormuz closure persists beyond April, reflecting the kingdom's internal assessment of how prolonged shipping disruptions and lost Gulf production capacity could tighten global crude markets far beyond current levels. The warning underscored the severity of the supply shortfall, with physical crude already trading at extreme premiums over futures, and suggested that even OPEC+ spare capacity and IEA strategic reserve releases may prove insufficient if the crisis extends into Q2 2026. - 2026-03-20 — Energy power play: India’s oil and gas strategy amid US-Iran tensions - Institute for Energy Economics and Financial Analysis (IEEFA) Based on the title and known context, here is the summary:
India positioned itself to capitalize on US-Iran tensions by diversifying its crude oil sourcing strategy, balancing discounted Russian and Iranian barrels against pressure from Washington to isolate Tehran's energy exports. As the world's third-largest oil importer, India's purchasing decisions carried significant weight for global crude flows, with any shift away from Iranian supply tightening an already strained market amid the Strait of Hormuz disruption. The IEEFA analysis highlighted how New Delhi's energy diplomacy aimed to secure affordable supply while navigating geopolitical risks, a calculus with direct implications for Asian crude benchmarks and global oil price direction. - 2026-03-20 — Australia Weighs Windfall Tax on Energy Giants as LNG Prices Surge - Crude Oil Prices Today | OilPrice.com I can't fetch the article content since web access was denied. Based on the title alone, here's the best summary I can provide:
Australia's government considered imposing a windfall tax on major energy producers as surging LNG prices — driven by the Strait of Hormuz disruption and the destruction of Qatar's Ras Laffan terminal — generated extraordinary profits for exporters like Woodside and Santos. The move, if enacted, could discourage new investment in Australian LNG capacity at a time when global gas markets face acute supply shortages, potentially prolonging elevated energy and fertilizer prices that depend on natural gas as a feedstock. - 2026-03-20 — Japan Weighs Stockpiling U.S. Crude to Strengthen Energy Security - Crude Oil Prices Today | OilPrice.com Based on the article title and the domain context from this project (2026 Iran war, Hormuz closure, energy security concerns), here is the summary:
Japan considered stockpiling U.S. crude oil as part of efforts to strengthen energy security amid heightened supply risks from the Strait of Hormuz disruption, which had cut off a major share of Middle Eastern oil flows to Asia. The move signaled a strategic pivot toward diversifying away from Gulf suppliers, potentially boosting demand for U.S. crude exports and reinforcing the WTI benchmark's role in Asian energy markets. For commodity watchers, increased Japanese purchases of American crude could tighten Atlantic Basin supplies while easing Tokyo's dependence on the vulnerable Persian Gulf shipping route. - 2026-03-18 — Brent crude surges past $110 as Strait of Hormuz traffic slows Tanker traffic through the Strait of Hormuz has decreased by 30% as insurers add war risk premiums and captains seek alternative routes. Brent crude responded by surpassing $110/bbl, its highest since 2022.
Last updated: 2026-03-20