Brent Crude Oil
Latest reading: 103.08 $ per barrel for 2026-09-23 (+3.9% DoD).
Brent Crude Oil
Price of the global benchmark crude oil. India imports most of its oil, so Brent directly affects inflation, the trade deficit and the rupee.
What it means
Price of the global benchmark crude oil. India imports most of its oil, so Brent directly affects inflation, the trade deficit and the rupee.
23 Sep close 103.08 vs 99.25 on 22 Sep (FT now shows 22 Sep at 99.25, revised from 98.73 in earlier file). Trading ~105 on 24 Sep (not settled at run time). Rising oil read as negative for India, hence 'warning'.
Release details
- Category
- GLOBAL
- Frequency
- DAILY
- Previous
- 99.25
- Benchmark
- MacroNest anchor: below $90/bbl eases India's import bill
- Released
- 2026-09-23
- Next release
- Expected: 2026-09-25
- Source
- ICE Brent futures (via FT Markets Data)
Key questions about Brent Crude Oil
What is the current Brent Crude Oil?
Brent Crude Oil stands at 103.08 $ per barrel for 2026-09-23, against 99.25 $ per barrel previously (+3.9% DoD). Price of the global benchmark crude oil. India imports most of its oil, so Brent directly affects inflation, the trade deficit and the rupee.
Who publishes the Brent Crude Oil data?
Brent Crude Oil is published by ICE Brent futures (via FT Markets Data) on a daily basis. Release window: Trading days (ICE futures close). The next update is expected on Expected: 2026-09-25.
What is a healthy level for Brent Crude Oil?
The reference benchmark used on MacroNest is: MacroNest anchor: below $90/bbl eases India's import bill. The latest reading of 103.08 $ per barrel is currently assessed as "Back above $100".
Why does Brent Crude Oil matter?
Global benchmarks set the external backdrop for Indian policy, capital flows and the rupee. Price of the global benchmark crude oil. India imports most of its oil, so Brent directly affects inflation, the trade deficit and the rupee.