Brent crude oil price on 13 march

Resolution Criteria

The market resolves based on the closing price of Brent crude oil on March 13, 2026. Price data will be verified using the U.S. Energy Information Administration's official spot price data at https://www.eia.gov/outlooks/steo/ or ICE Brent Crude Futures pricing at https://www.ice.com/products/219/Brent-Crude-Futures/data. The resolution will match the price bracket that contains the closing price on that date.

Background

Brent crude settled at $94 per barrel on March 9, up about 50% from the beginning of the year and the highest since September 2023. Crude oil prices have risen as petroleum shipments through the Strait of Hormuz have fallen, and some Middle East oil production has been shut in. The EIA forecasts Brent crude oil price will remain above $95/b over the next two months.

Considerations

Oil prices remain highly volatile due to ongoing Middle East geopolitical tensions. The price forecast is highly dependent on assumptions about the duration of conflict in the Middle East and resulting outages in oil production. Single-day price movements of several dollars are not uncommon in current market conditions.

This description was generated by AI.

Short-Term Energy Outlook - U.S. Energy Information Administration (EIA)U.S. Energy Information Administration - EIA - Independent Statistics and Analysis

Energy Information Administration - EIA - Official Energy Statistics from the U.S. Government