Brent crude fell to $108.09 a barrel on Sept. 16, 2026, with oil prices brent wti fall visible across global benchmarks, TradingEconomics reports that Brent “fell to 108.09 USD/Bbl on September 16, 2026, down 0.61% from the previous day.”
U.S. benchmark West Texas Intermediate also slipped on the same day: CME Group’s settlements page shows WTI near $104.13, reporting “Last 104.13 Change -1.70 (-1.61%) Last Updated16 Sep 2026.”
Markets are still reacting after a mid-September rally. Reuters had noted earlier this month that tight supply and Middle East tensions helped push benchmarks back over $100, writing that oil was headed for its highest weekly gain in weeks on concerns about tight supply.
Traders and analysts said the market remained sensitive to headline risk while profit-taking and futures positioning pushed prices down on Sept. 16. The recent run-up came after reported strikes on Saudi facilities that briefly lifted Brent and WTI above $100, a move covered in earlier coverage of supply disruptions.
Retail pump prices and refining margins reflect the higher crude backdrop. GasBuddy data published Sept. 15 shows U.S. diesel prices above $6 a gallon, underlining how crude moves feed into downstream costs.
How prices move from here will depend on fresh supply data and sentiment. The U.S. Energy Information Administration and market participants watch inventory reports and shipping lanes for signs of easing or renewed disruption, and the CME and TradingEconomics levels give a snapshot of where futures settled on Sept. 16.
Earlier coverage of the night’s spikes and subsequent pullback can be found in site reporting that tracked the Sept. 14 rally and the broader above-$100 trend.
For readers tracking developments, note that short-term volatility is likely while geopolitical headlines and weekly inventory numbers arrive.
Sources
- TradingEconomics — reported “Brent fell to 108.09 USD/Bbl on September 16, 2026, down 0.61% from the previous day.”
- CME Group — provided WTI settlement data showing “Last 104.13 Change -1.70 (-1.61%) Last Updated16 Sep 2026.”
- Reuters — supplied context on tight supply pushing oil above $100 and market sensitivity to Middle East tensions.
Related coverage: Oil price today: WTI near $102, Brent about $108 and Oil prices rise about 3%, toppling above $107 a barrel after strikes on Saudi sites.
