Brent crude oil prices averaged USD 67.61 per barrel in September, up 0.5% from August. On 30 September, the commodity traded at USD 67.08 per barrel, down 1.6% from 29 August.
In September, crude price volatility dropped to the second-lowest so far in 2025 after the U.S. finalized trade deals in August. Prices initially fell slightly when OPEC+ unexpectedly said it would hike output for the seventh month running in October, with quotas now up more than 2.5 million barrels per day—about 2.4% of world demand. Prices temporarily rebounded after Ukrainian drone attacks hit Russian fuel exports, but then slipped again on media reports that OPEC+ would accelerate output hikes in November.
This chart displays Brent Crude Oil (US$/bbl) from 2023 to 2025.
Brent Crude Oil (prices in US$/bbl, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Brent Crude Oil | - | - | - | 82.97 | 81.87 | 85.02 | 78.87 | 74.03 | 75.12 | 66.91 | 68.17 | - |