Brent crude oil was priced at $89.94 per barrel on June 12, 2026, at 8:50 a.m. Eastern Time. This price reflected a $5.21 decline per barrel from the previous day.

One month prior to June 12, 2026, the Brent crude price was $107.67 per barrel. One year prior to that date, the price stood at $70.70 per barrel.

Brent crude and West Texas Intermediate function as the primary global benchmarks for oil prices. The U.S. Energy Information Administration uses the Brent benchmark as its main reference in its Annual Energy Outlook.

Oil prices update continuously while futures markets remain open for trading. Gasoline prices incorporate the cost of crude oil along with refining expenses, transportation fees, taxes, and retailer markups. The U.S. government maintains a Strategic Petroleum Reserve to supply temporary energy during emergencies.

According to SEC filings, Yousif Mohammed Ali Nasser Al-Nowais sold 5,726 shares of National Energy Services on June 10, 2026, for $146,188. On the morning of June 12, 2026, National Energy Services shares traded at $24.14, marking a 2.59% increase.

According to SEC filings, Sujat Parekh Kumar purchased 7,500 shares of Scorpio Tankers on June 11, 2026, for $626,025. Scorpio Tankers shares traded at $75.21 on the morning of June 12, 2026, reflecting a 2.47% increase.

According to SEC filings, Joseph Wm Foran purchased 2,000 shares of Matador Resources on June 11, 2026, for $106,140. Matador Resources shares traded at $55.52 on the morning of June 12, 2026, reflecting a 1.11% increase.