Brent crude eases from six-month high but stays above $114 as Gulf supply fears linger
Oil fell around 2% on Monday on diplomatic efforts, after Brent settled at $116.72 on Friday — its highest settlement since April.
The short answer
- Brent settled at $116.72 on Friday, its highest settlement since April.
- Brent was quoted at $115.41 early Monday, about $49.50 higher than a year ago (Fortune).
- Prices eased about 2% on Monday as diplomatic efforts reduced immediate supply concerns.
Brent crude rose more than 3% on Friday to settle at $116.72 a barrel, its highest settlement since April, as reports of possible fresh strikes on Iran revived geopolitical worries, Stocktwits reported via Yahoo Finance.
As of 8:15 a.m. Eastern Time on Monday, Brent was at $115.41 per barrel, according to Fortune via Yahoo Finance — about $13.55 above a month ago and roughly $49.50 higher than a year ago.
Prices then declined about 2% on Monday as diplomatic efforts reduced some of the immediate concern about another interruption to Gulf energy supplies, Kitco reported, with Brent retreating toward $114 and WTI holding above $100.
Why it matters for households
Energy is the main force behind the latest inflation readings. In the US, the BLS said its energy index rose 20.4% in the 12 months to September, and gasoline alone accounted for over half of September's monthly CPI increase.
What is still unclear
- The path of diplomatic efforts in the Gulf, and therefore of supply risk, remains uncertain.
Sources
- Current price of oil as of October 26, 2026 — Fortune via Yahoo Finance
- Bitcoin ETFs See $635M Outflow In A Day — Stocktwits via Yahoo Finance
- Gold rebounds above $4,000 as lower oil prices ease Fed tightening concerns — Kitco News
- Consumer Price Index — September 2026 — U.S. Bureau of Labor Statistics
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How this article was produced
- Responsible desk:
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- Published:
- 27 Oct 2026, 08:00 UTC
- Last updated:
- 27 Oct 2026, 08:00 UTC
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