Crude oil Brent

BZICE

88.71▲+6.55%over 1 month

Brent crude futures per barrel, the benchmark for roughly two thirds of internationally traded oil.

Price history

Last close 2026-08-11

Return by period

1M▲+6.55%

3M▼-14.87%

6M▲+27.82%

1Y▲+33.14%

5Y▲+25.67%

Risk

Trailing year

Annualised volatility53.2%

Largest drawdown-39.5%

Period high118.35

Period low58.92

Position in range

Trailing year

50%

of the way from the year’s low to its high.

58.92118.35

Reported context

Written by sonar-pro

Brent has been trading above $83 a barrel after recent moves tied to uncertainty around talks involving Iran, the Strait of Hormuz, and shipping through the waterway. Reuters said Brent ended Friday at $83.55, up $1.06, but still headed for a weekly loss of more than 8%, while Trading Economics reported it was around $81 after three losing sessions and said the week had left it down more than 7%. Trading Economics also said the market has been watching Iranian and Omani shipping arrangements, US confidence that a deal is nearing, rising US crude inventories, and Saudi Aramco’s cut to its Asian selling price.

Sources

Generated from the figures on this page and published reporting. It describes what has been reported and is not advice, a recommendation, or a forecast. Written 11 Aug, 15:01 UTC.

Reported context

What these figures mean

Written by gpt-5.4-mini

Over the trailing year, the price was up 32.0%, but the path was uneven: the annualised volatility of 53.2% means the price typically moved by a very large amount over the year, rather than staying close to one level. The largest peak-to-trough fall of -39.5% means that at one point the price dropped by 39.5% from a previous high before recovering later in the period. With a period high of 118.35 and a period low of 58.92, the current price being 49% of the way from the low to the high places it a little below the midpoint of that range.

A plain-English restatement of the calculated figures shown above, with no external information used. Written 11 Aug, 14:43 UTC.

What these figures mean

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Figures are calculated from closing prices and exclude dividends, coupons and the cost of rolling futures contracts. Volatility is annualised using 252 trading days. Past movement describes what happened and implies nothing about what happens next.