📈 Brent Crude Oil Price Chart
Brent Crude Oil Price Chart — Historical & Intraday
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Source: OilPriceAPI (daily closes) • yfinance BZ=F (intraday) • EnergyRiskIQ data pipeline
Market Correlation Context
WTI CRUDE
$90.74
▼ -1.12 d/d
TTF NATURAL GAS
€73.67
▲ +0.06 d/d
VIX (FEAR GAUGE)
15.23
▲ +0.03 d/d
📋 Brent Oil Market Snapshot — Today
Brent Oil Market Snapshot — September 4, 2026
The Brent crude oil price today stands at $95.91 per barrel, moving +0.72 (+0.76%) over the last 24 hours as of September 4, 2026. The benchmark is trading above the prior day close, with market sentiment reading Neutral based on daily price action.
Over the past week, Brent prices have been rising, influenced by global supply dynamics, OPEC+ production posture, and geopolitical risk signals captured in EnergyRiskIQ's proprietary indices. The Global Energy Risk Index (GERI) currently stands at 16/100 (LOW), while the European Energy Risk Index (EERI) is at 48/100 (ELEVATED).
Brent-WTI spread is at $5.17/bbl, reflecting differential demand patterns between Atlantic Basin and domestic US markets. VIX volatility at 15.23 signals moderate market uncertainty, a factor historically correlated with crude oil price moves. EU gas storage at 66.1% is below the 88.0% seasonal norm — a negative signal for energy switching demand.
📌 Brent-WTI Spread: $5.17/bbl
•
JKM LNG: $23.76/MMBtu
•
EU Gas Storage: 66.1%
🔗 What’s Driving Oil Markets Right Now
What’s Driving Oil Markets Right Now
TTF Gas Price Today
Dutch TTF European natural gas benchmark — energy switching signal for oil demand.
View TTF Gas Data →
LNG Supply & Demand
Europe LNG supply-demand balance — a key driver of gas-to-oil substitution dynamics.
View LNG Data →
Europe Gas Storage Levels
EU gas storage fill rates and seasonal risk — directly feeds into energy switching pressure on oil.
View Gas Storage →
JKM LNG Spot Price
Japan Korea Marker — Asia spot LNG price with oil-indexation ties and demand signals.
View JKM Data →
🧠 What Drives Brent Crude Oil Prices?
What Drives Brent Crude Oil Prices?
01 / SUPPLY
👥 Global Supply — OPEC+ & Outages
OPEC+ production decisions are the single largest controllable factor in Brent pricing.
When OPEC+ cuts output, supply tightens and Brent rises. Unplanned outages — from
pipeline attacks, sanctions, or extreme weather — create immediate supply shocks.
Today’s GERI at 16/100 reflects current geopolitical supply risk levels.
→ View Global Energy Risk Index
→ View Global Energy Risk Index
02 / DEMAND
🌎 Demand — China, US & Global Economy
China accounts for approximately 16% of global oil consumption. US economic data —
particularly manufacturing PMI, jobs reports, and GDP — drives near-term demand forecasts.
A global recession typically reduces oil demand by 1–3 mb/d, creating significant
downward pressure on Brent. Watch IEA monthly demand revisions as leading indicators.
03 / GEOPOLITICS
⚡ Geopolitics — Middle East, Russia & Shipping
Middle East tensions, Ukraine conflict escalation, and Red Sea shipping disruptions
are among the fastest-moving Brent price catalysts. The Strait of Hormuz handles
21% of global oil trade — any closure risk creates an immediate geopolitical premium.
EERI at 48/100 (ELEVATED) captures current European geopolitical risk exposure.
→ Global Energy Risk Index
→ Global Energy Risk Index
04 / MACRO
💹 Financial Markets — Dollar & Risk Sentiment
Oil is priced in USD globally. A stronger dollar makes oil more expensive in local
currencies, reducing international demand. VIX at 15.23 currently signals
moderate market uncertainty — periods of high VIX often coincide with oil sell-offs
as risk-off sentiment dominates. Fed rate decisions and DXY strength are key macro inputs.
05 / SUBSTITUTION
⚡ Substitution Effects — Gas vs Oil Switching
When natural gas prices rise sharply, industrial users and power generators switch from
gas to oil, increasing oil demand. TTF at €73.67/MWh and EU gas storage at
66.1% (vs 88.0% seasonal norm) directly influence switching pressure.
High TTF with low storage is bullish for oil demand. This energy interconnection is a key
analytical edge that most oil-only data providers miss.
→ TTF Gas Price Today →
→ TTF Gas Price Today →
⚠ Energy Risk Signals Behind Today’s Oil Price
Energy Risk Signals Behind Today’s Oil Price
📌 Risk Interpretation
Today's Brent price movement reflects low geopolitical escalation risk. GERI at 16/100 (LOW) and EERI at 48/100 (ELEVATED) indicate contained supply chain stress across global energy corridors.
EnergyRiskIQ’s proprietary indices suggest markets are pricing in current risk levels without significant premium compression. EERI at 48/100 indicates European supply chain exposure is being managed within historical norms.
Access full risk intelligence👥 Brent vs Gas & LNG — Market Interconnections
Brent vs Gas & LNG — Market Interconnections
⚡ Oil vs Gas Substitution Dynamics
When TTF natural gas prices rise sharply, industrial users and utilities switch from gas to oil.
Currently TTF is at €73.67/MWh and Brent
at $95.91/bbl — this spread determines
whether substitution pressure is adding to oil demand. With EU gas storage at 66.1%
(below the 88.0% seasonal norm), the switching incentive is
elevated, as low storage creates urgency for alternative energy sourcing.
View TTF Gas Price Today →
View TTF Gas Price Today →
⚓ LNG vs Oil Price Linkage & JKM Dynamics
Long-term LNG contracts have historically been indexed to crude oil prices (typically 12–14%
of Brent). JKM (Japan Korea Marker) at $23.76/MMBtu
reflects current Asia Pacific LNG spot demand. High LNG prices reduce Asian buyers’ budgets
for oil, while low LNG prices signal risk-off in energy markets broadly. The JKM-Brent price
relationship is a leading indicator of Asian energy demand strength.
View JKM LNG Spot Price →
View JKM LNG Spot Price →
🏔 Seasonal Effects on Brent Crude Oil Price
Crude oil demand follows predictable seasonal patterns: peak demand periods (summer driving
season in the US, winter heating in Europe) typically support higher prices. Europe’s gas
storage injection season (April–October) reduces immediate gas demand but can sustain oil
demand as industrial producers shift sourcing. EU storage at 66.1% (below
seasonal norm) is a negative demand signal for oil over the coming quarter.
View Europe Gas Storage Levels →
View Europe Gas Storage Levels →
📇 Brent Oil Price History & Key Levels
Brent Oil Price History & Key Levels
30D Low
$79.33
Aug 5
30D High
$96.22
Sep 1
YTD Low
$63.68
Jan 19
YTD High
$121.68
Apr 29
Key Level Analysis
30D Range
$79.33 – $96.22
30D Range Width
$16.89/bbl (21.3%)
Distance from YTD High
$25.77 (26.9%) below YTD high
Brent-WTI Spread
$5.17/bbl
💡 Today’s Oil Market Insight
Today’s Oil Market Insight
What moved oil today
Brent crude rose 0.76% to $95.91/bbl driven by tightening supply concerns amid ongoing geopolitical tensions and a narrowing Brent-WTI spread at $5.17. Market participants reacted to elevated European energy risk and persistent supply disruption alerts.
Why it matters
The price increase underscores heightened market sensitivity reflected in the EERI at 48/100, signaling elevated European energy risk despite a low global risk index (16/100). This dynamic pressures regional energy security and pricing stability.
What to watch next
Monitor Brent's ability to sustain above $95.50 as geopolitical risks and supply disruptions persist. Watch EU gas storage trends and JKM LNG pricing for broader energy market implications.
Analysis generated by EnergyRiskIQ’s proprietary market intelligence engine • September 4, 2026 • Not financial advice.
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❓ Brent Oil Price — FAQs
Brent Crude Oil Price — Frequently Asked Questions
What is Brent crude oil?▼
Brent crude is a major oil benchmark that represents about two-thirds of all globally traded oil contracts. It is extracted from the North Sea and is used as the international pricing standard for crude oil exports from Europe, Africa, and the Middle East.
Why is Brent crude important for energy markets?▼
Brent crude serves as the primary pricing benchmark for approximately 78% of the world's traded oil. Changes in Brent prices directly affect fuel costs, petrochemical production, airline costs, and broader economic indicators including inflation.
How often is Brent crude price updated?▼
EnergyRiskIQ updates Brent crude prices daily from verified market data sources. Intraday price data is also tracked via futures market feeds. Our proprietary analysis engine contextualises every price reading with global risk index data.
What factors affect the Brent crude oil price?▼
The Brent price is driven by multiple factors: OPEC+ production decisions, US shale output, global demand from China and emerging markets, geopolitical events in the Middle East and Russia, US dollar strength, VIX market volatility, and energy substitution between oil and gas.
What is the difference between Brent and WTI crude oil?▼
WTI (West Texas Intermediate) is the US domestic benchmark traded on NYMEX, while Brent is the global benchmark traded on ICE. Brent typically trades at a premium to WTI due to higher international shipping costs and global demand dynamics. The Brent-WTI spread is a key indicator of market conditions.
Why is Brent crude oil price volatile?▼
Brent oil prices are volatile because they respond to a complex mix of supply disruptions, geopolitical conflicts, demand forecasts, currency movements, and speculative trading. Events such as OPEC+ output changes, Middle East conflicts, or sanctions can cause significant price swings within hours.
📄 Citation & Reference
How to Cite This Data
This page is updated daily with fresh Brent crude oil price data and proprietary risk analysis. To reference this data in research, journalism, or professional reports, use the citation below.
EnergyRiskIQ. (2026). Brent Crude Oil Price Today — September 4, 2026. Retrieved from https://energyriskiq.com/data/brent-crude-oil-price-today Data sources: OilPriceAPI (Brent daily), yfinance BZ=F (intraday), EnergyRiskIQ risk pipeline (GERI, EERI, EGSI-M).
Data sourced from: OilPriceAPI (Brent spot price), yfinance BZ=F futures (intraday),
EnergyRiskIQ internal risk scoring pipeline (GERI, EERI, EGSI-M).
See /data-license for full usage terms.
Not financial advice.