As of September 22, 2026 at 6 a.m. Eastern Time, Brent crude oil is trading at $99.27 per barrel, down $2.34 from the previous day but up $32.60 year-over-year. Crude oil typically accounts for more than half the cost at the gas pump, meaning price swings quickly translate to higher or lower fuel prices for consumers. The U.S. Strategic Petroleum Reserve serves as an energy security tool designed to cushion supply shocks during crises such as sanctions, natural disasters, or armed conflicts. Brent crude is the leading global oil benchmark and provides the best picture of worldwide oil performance, as it prices a significant share of the world’s traded crude.
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