Brief
Oil price at $105.72 per barrel on Oct. 9 2026, Brent benchmark drops
Brent crude fell 2.4% from yesterday, marking a modest rise from the previous month but a sharp increase from a year ago.
By Felo News Desk · Published
At 6:45 a.m. Eastern Time on Oct. 9 2026, Brent crude was priced at $105.72 per barrel, according to Fortune. The price represents a $2.61 drop from the previous morning’s $108.33 and is roughly $40 higher than the level a year earlier.
What happened
The latest snapshot shows Brent down 2.40% from yesterday’s $108.33. Compared with the price a month ago, the barrel is up $4.71, as the benchmark stood at $101.01 on Sep. 9 2026. Over the past year, Brent has risen $40.14, moving from $65.58 on Oct. 9 2025 to the current $105.72.
What the report adds
Fortune explains that oil price movements are driven by a mix of supply‑and‑demand factors, including concerns about recession, geopolitical tensions and other large‑scale disruptions. The outlet notes that while crude prices influence pump prices, the latter also reflect refining costs, transportation, taxes and retailer mark‑ups, a relationship sometimes described as “rockets and feathers.”
What was said
The article does not contain direct quotations but cites the U.S. Strategic Petroleum Reserve as a tool for emergency supply, describing its role in providing temporary relief during price spikes. It also mentions that the U.S. Energy Information Administration now uses Brent as its primary reference in the Annual Energy Outlook.
How it came about
Fortune places the current price in a historical context, recalling past volatility such as the 1970s oil shock, the mid‑1980s price drop, the 2008 spike, and the 2020 pandemic collapse that pushed prices below $20 a barrel. The article links these cycles to wars, recessions, OPEC decisions and evolving energy policies. Earlier Felo coverage recorded Brent at $100.19 on Sep. 29 2026 and noted a rise above $100 as Middle‑East exports rebounded, providing a recent baseline for today’s price.
Key facts
- Brent crude traded at $105.72 per barrel at 6:45 a.m. ET on Oct. 9 2026. (fortune.com)
- The price was $2.61 lower than the previous day's $108.33. (fortune.com)
- Brent is about $40 higher than a year earlier, when it was $65.58. (fortune.com)
- Compared with a month ago, Brent is up $4.71, from $101.01. (fortune.com)
Sources
- [1] fortune.com — originally reported as “Current price of oil as of Oct. 9, 2026”
