Brent crude trades at $91.60 a barrel on August 12, 2026
At 6:35 a.m. Eastern Time on August 12, 2026, Brent crude was priced at $91.60 per barrel, down 94 cents from the previous morning.
On August 12, 2026, at 6:35 a.m. Eastern Time, Brent crude oil was quoted at $91.60 per barrel, a modest decline of 94 cents from the prior morning. Compared with the same moment a year earlier, the price is roughly $25 higher. Market observers attribute oil movements to a mix of supply-demand factors and occasional geopolitical or economic anxieties.
The piece outlines how crude prices feed into gasoline pump costs, noting that crude typically accounts for more than half of each gallon’s price and that price swings can quickly affect fuel stations. It also describes the U.S. Strategic Petroleum Reserve’s role in stabilizing markets during crises, though it is a short-term measure. Finally, the article touches on the relationship between oil and natural-gas markets and references historical price volatility linked to wars, recessions and policy shifts.
Why it matters
Oil prices affect fuel costs, consumer spending and broader economic conditions.
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