Weekly Crude Oil Price Recap

May 6–12, 2026 · EIA spot data, sourced from the U.S. Energy Information Administration

Week-End Benchmark Prices

Brent Crude

BZ · per barrel

$114.89

−$1.26 (−1.08%)

Last updated Sep 22, 2026 12:00 AM UTC

WTI Crude

CL · per barrel

$96.41

−$0.56 (−0.58%)

Last updated Sep 22, 2026 12:00 AM UTC

This Week's Market Story

Crude benchmarks remained range-bound this week as markets weighed OPEC+ compliance data against softer-than-expected Chinese import figures. Brent held support above the 60-dollar level while WTI tracked closely. The EIA weekly inventory report showed a modest crude draw, providing a brief intraday lift before prices settled near the week's opening levels. No major supply disruptions were reported.

Key Drivers This Week

  • EIA weekly crude draw provided modest support mid-week
  • Chinese import data softer than Q1 pace, weighing on demand outlook
  • OPEC+ compliance tracking near 90%, broadly in line with prior months
  • U.S. dollar index relatively stable, limiting currency-driven crude moves

7-Day Price Data

DateBrentWTISpread
2026-09-22 $114.89 $96.41 +18.48
2026-09-21 $116.15 $96.97 +19.18
2026-09-18 $119.66 $101.44 +18.22
2026-09-17 $121.18 $103.21 +17.97
2026-09-16 $127.84 $103.62 +24.22
2026-09-15 $130.80 $107.02 +23.78
2026-09-14 $121.25 $102.42 +18.83
2026-09-11 $118.06 $101.27 +16.79

Source: U.S. Energy Information Administration. Spot prices are one business day behind live futures.