Page 42 - Policy Economic Report -August 2026

POLICY AND ECONOMIC
OIL & GAS MARKET

Brent crude ranged an average to $87.56 a barrel and WTI ranged to $81.98 per barrel in the month of
August 2026.

Figure 18: Benchmark price of Brent, WTI and Dubai crude

125
115
105

95
85
75
65
55
45
35
25

Brent Spot Price ($/bbl) WTI Spot Price ($/bbl) Dubai spot price ($/bbl)

Source: World Bank

• Brent crude price averaged $87.56 per bbl in August 2026, up by 4.5% on a month on month (MoM)
and by 30.6% on year on year (YoY) basis, respectively.

• WTI crude price averaged $81.98 per bbl in August 2026, up by 4.4% on a month on month (MoM)
and by 27.7% on year on year (YoY) basis, respectively.

• Dubai crude price averaged $84.96 per bbl in August 2026, up by 13.8% on a month on month (MoM)
and by 28.4% on year on year (YoY) basis, respectively.

Table 3: Crude oil price in August, 2026

Crude oil Price ($/bbl) MoM YoY
(%) change (%) change
Brent 87.56
WTI 81.98 4.5% 30.6%
Dubai 84.96 4.4% 27.7%
Source: World Bank 13.8% 28.4%

August 2026 Page | 41