Brent Crude Oil ($BRENT) Commodity Forecast: Up 5.0% Today

What is Brent Crude Oil?

Brent Crude Oil is a major global benchmark for oil prices, representing a blend of crude oils from the North Sea. The market for Brent Crude Oil is influenced by various factors including global supply and demand dynamics, geopolitical tensions, and economic indicators.

Why is Brent Crude Oil going up?

BRENT commodity is up 5.0% on Feb 19, 2026 8:41

• Today's bullish movement in Brent Crude Oil was primarily driven by tightening supply and increased demand from key Asian markets like China and India, leading to a squeeze in the physical market.
• Geopolitical tensions in the Middle East, particularly around the Strait of Hormuz, added a premium to prices due to the potential risks of supply disruptions, further supporting the bullish trend.
• Despite concerns of oversupply in the market, the ongoing winter outages, export constraints, and geopolitical uncertainties overshadowed these worries, pushing Brent Crude Oil prices higher.

BRENT Price Chart

BRENT Technical Analysis

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Brent Rises Further

Brent crude oil futures added over 4% to above $70 per barrel on Wednesday, rebounding from a 1.9% decline in the previous session as tightening supply and firmer Asian demand squeezed the physical market despite mixed signals on future output. The latest monthly report from the International Energy Agency showed winter outages and export constraints cutting global supply by roughly 1.2 million barrels per day in January. At the same time, stronger intake from China and India absorbed additional barrels, narrowing available export flows. Renewed geopolitical friction in the Middle East, including disruption risks around the Strait of Hormuz, added a tangible premium to prices by threatening a key transit route for seaborne crude. On the other hand, OPEC+ is considering a gradual output increase from April, while tentative steps toward restoring Venezuelan exports are unlikely to deliver immediate volumes due to licensing and logistical constraints.

Brent on Track for Weekly Decline

Brent crude oil futures hovered around $67.5 per barrel on Friday, retaining most of the nearly 3% loss from the previous session and heading for a second straight weekly decline, amid persistent oversupply concerns. The International Energy Agency reiterated that the market is likely to face a surplus of just over 3.7 million barrels per day in 2026, marking a record annual average glut, while also lowering its global oil demand forecast for that year. In its monthly report, the agency added that global inventories expanded in 2025 at the fastest pace since the 2020 pandemic. Meanwhile, President Donald Trump said talks with Iran could stretch on for as long as a month, reducing the near-term likelihood of military action that could disrupt supplies. For now, he is pursuing a diplomatic approach aimed at limiting the country’s nuclear program. Adding to the broader weakness, a sharp selloff across financial markets also weighed on prices.

Brent Crude Oil Falls on Thursday

Brent crude oil futures fell to below $69 per barrel on Thursday, retreating after a 0.9% gain in the previous session, pressured by persistent oversupply despite ongoing Iran risk. Markets remain focused on tensions around Iran as the US signaled preference for a nuclear deal but kept military options open and deployed naval forces in the region, sustaining uncertainty over potential supply disruptions. Still, ample supply is capping prices. The IEA said global oil inventories rose at the fastest pace since 2020 last year and expects a sizeable surplus in 2026 as supply exceeds demand. Rising stockpiles reinforce expectations of an oversupplied market. Flows from Venezuela are also returning as China buys cargoes previously linked to the US.

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Brent Crude Oil Price History

29.06.2025 - BRENT Commodity was up 3.5%

• Brent Crude Oil surged towards $71 per barrel, marking a significant increase driven by stronger-than-expected US economic data and escalating global supply risks.
• A notable ultimatum and sanctions added to market uncertainties and supported oil prices.
• Optimism surrounding trade agreements and ongoing trade talks between major economies also contributed to the bullish sentiment in the oil market.
• Summer demand and tight inventories continue to support oil prices, but concerns over a potential supply glut later in the year loom over the market as production levels may increase.

17.05.2025 - BRENT Commodity was up 5.0%

• Brent Crude Oil surged over 4% to settle at $76.4 per barrel on Tuesday.
• The uptrend was mainly fueled by escalating tensions between the US and Iran, with US President Donald Trump's strong language and threats towards Iran's Supreme Leader Ayatollah Ali Khamenei raising concerns about supply.
• Israel's airstrikes on Iran and the potential for disruptions in energy flows and trade routes added to the market's edginess regarding a possible escalation in the conflict.
• Despite the price hike, analysts highlighted that the oil market has maintained stability due to robust global supply, including increased OPEC+ production and record US output. However, any move by Iran to block the critical Strait of Hormuz could propel prices above $100 per barrel.

23.05.2025 - BRENT Commodity was down 13.5%

• Brent Crude Oil experienced a strong bearish movement, dropping 7.2% to settle at $71.50 per barrel.
• The market reacted to easing fears of an immediate escalation in Middle East tensions following Iran's missile strike on a US airbase in Qatar, which resulted in no reported casualties.
• Despite the initial rally in oil prices due to geopolitical uncertainties, the pullback occurred as markets reassessed the risk of near-term disruption in oil supply, especially through the vital Strait of Hormuz.
• The potential de-escalation in the Middle East conflict and the market's reaction to geopolitical developments led to the significant drop in Brent Crude Oil prices.

23.05.2025 - BRENT Commodity was down 10.1%

• The bearish movement in Brent Crude Oil today was primarily driven by the market reassessing the risk of near-term disruption in oil supply, leading to a sharp decline in prices.
• Despite initial bullish sentiment due to escalating tensions between the US and Iran, the decision by President Trump to delay potential military involvement tempered fears of an immediate supply shock, triggering profit-taking and contributing to the bearish movement.
• The ongoing geopolitical tensions in the Middle East, including missile exchanges between Israel and Iran, continue to threaten the supply of energy from the region, adding further uncertainty to oil markets and influencing the bearish movement in Brent Crude Oil today.

23.05.2025 - BRENT Commodity was down 6.3%

• The decline in Brent Crude Oil prices today can be linked to President Trump's choice to postpone possible US military action against Iran, momentarily easing tensions in the Middle East.
• Market response was negative due to the delay in military engagement reducing the immediate risk of supply disruptions, prompting investors to take profits.
• Despite the price fall, the Middle East remains precarious with ongoing missile exchanges between Israel and Iran, raising concerns about potential disruptions in global crude oil flow via the crucial Strait of Hormuz.
• Geopolitical risks, supply limitations, and economic conditions still heavily influence the oil market sentiment, resulting in a complicated and unpredictable trading environment for Brent Crude Oil.

02.08.2025 - BRENT Commodity was up 0.0%

• Brent crude oil prices saw a surge above $68 per barrel, led by concerns regarding supply disruptions amid the Russia-Ukraine conflict and potential secondary sanctions on Russia.
• This upward trend was bolstered by positive economic indicators from China, which pointed towards robust manufacturing activity and alleviated immediate demand concerns.
• However, the anticipation of a surplus in supply and less optimistic demand projections are limiting further price increases. Investors are keeping a close watch on the upcoming OPEC+ meeting to gauge decisions on output adjustments.
• The market's volatility persists as geopolitical tensions, such as India's response to US pressures regarding Russian oil purchases, continue to influence price fluctuations against the backdrop of a complex global supply and demand landscape.

14.00.2026 - BRENT Commodity was down 2.7%

• Despite geopolitical tensions in the Middle East and concerns over potential supply disruptions from Iran, Brent Crude Oil faced a bearish movement, possibly due to bearish inventory signals showing a significant rise in US crude stockpiles.
• The market sentiment might have been influenced by a decision to impose new tariffs on Iran's allies, intensifying pressure on the country and raising fears of disruptions to Iranian oil exports.
• Disruptions at the Caspian Pipeline Consortium terminal in Kazakhstan, caused by a mix of bad weather, maintenance issues, and drone strikes, could have also contributed to the bearish movement in Brent Crude Oil prices.

19.01.2026 - BRENT Commodity was up 5.0%

• Today's bullish movement in Brent Crude Oil was primarily driven by tightening supply and increased demand from key Asian markets like China and India, leading to a squeeze in the physical market.
• Geopolitical tensions in the Middle East, particularly around the Strait of Hormuz, added a premium to prices due to the potential risks of supply disruptions, further supporting the bullish trend.
• Despite concerns of oversupply in the market, the ongoing winter outages, export constraints, and geopolitical uncertainties overshadowed these worries, pushing Brent Crude Oil prices higher.

24.05.2025 - BRENT Commodity was down 10.5%

• Brent Crude Oil saw a notable decrease today, with prices dropping approximately 5% to $68.1 per barrel.
• The price decline was initiated by an announcement of a ceasefire between Israel and Iran by President Trump, easing concerns about oil supply disruptions in the Middle East.
• Market response to the ceasefire news was observed, as worries of Iran obstructing the critical chokepoint of the Strait of Hormuz decreased, which serves as a key route for global oil supply.
• Despite the current calm in tensions, the market remains wary as the ceasefire between Israel and Iran is fragile, accompanied by allegations of breaches and potential missile threats, maintaining uncertainty in the oil market.

24.05.2025 - BRENT Commodity was down 11.2%

• The bearish movement in Brent Crude Oil was triggered by the announcement of a ceasefire between Israel and Iran, easing fears of supply disruptions in the Middle East.
• The de-escalation of tensions following Iran's missile strike on a US military base in Qatar, which resulted in no casualties, contributed to the downward pressure on oil prices.
• The market reacted negatively to the news of a potential peace agreement, as it reduced the perceived risk of Iran blocking the critical Strait of Hormuz, a key chokepoint for global oil flows.
• Despite initial concerns of supply disruptions, the market sentiment shifted towards oversupply as oil tankers continued to navigate through the region, leading to a sharp decline in oil prices.

24.05.2025 - BRENT Commodity was down 10.5%

• Brent crude oil prices plummeted by nearly 3% to below $69 per barrel following an announcement of a ceasefire between Israel and Iran, easing concerns over potential oil supply disruptions in the region.
• The de-escalation of tensions in the Middle East, particularly after a missile strike on a US airbase resulted in no casualties, contributed to the bearish movement as fears of immediate escalation subsided.
• Market sentiment shifted as signs emerged that Iran might refrain from targeting oil flows in the Persian Gulf, leading to a sharp decline in oil prices as the risk of near-term disruption lessened.
• Despite the initial rally in oil prices due to US involvement in the conflict, the reassessment of risks and waiting for Iran's next move ultimately drove Brent crude oil prices down, highlighting the volatility of the commodity market in response to geopolitical events.

23.09.2025 - BRENT Commodity was up 5.1%

• Brent Crude Oil rose above $62 per barrel.
• The market reacted positively to the possibility of a trade deal between the US and India, which could reduce Indian imports of Russian crude and increase demand for other oil sources.
• Additionally, speculations about a decrease in US crude inventories, expansions in the Strategic Petroleum Reserve, and decreases in fuel stockpiles boosted the bullish sentiment.
• The combination of these factors, alongside concerns about global oversupply and geopolitical tensions, led to Brent Crude Oil's upward movement.