Oil Price Hits $110.42 per Barrel on September 14, 2026
As of September 14, 2026 at 9 a.m. Eastern Time, the price of Brent crude oil reached $110.42 per barrel, reflecting an increase of 79 cents from the previous day and rising by approximately $43.30 over the past year. The recent upward trend in prices has been significant: up nearly 65% compared to a year ago and more than 23% since one month earlier. These price movements are influenced by global supply and demand dynamics, geopolitical tensions, and economic uncertainties. Oil prices have a direct impact on gas pump costs, as crude oil accounts for over half of the final retail gasoline price per gallon. However, due to factors like refining, distribution, taxes, and local markups, changes in oil prices may not immediately reflect at the pumps — often rising quickly but falling slowly. The U.S. Strategic Petroleum Reserve also plays a role during supply shocks by providing emergency crude reserves that can help stabilize markets. Historically, Brent crude has been used as the primary global benchmark for tracking oil performance and is now favored even in North America over West Texas Intermediate (WTI). Oil prices have historically fluctuated due to wars, economic recessions, and shifts in supply chains. The current upward trajectory suggests ongoing volatility driven by geopolitical risks and market expectations.
Topics: Brent crude energy markets oil