Crude Oil Price Today: Brent at $95.16, WTI at $87.94 in Post-Market Trade on 5 November 2026

Key Takeaways

• Brent crude was quoted at approximately $95.16 per barrel, up $0.54 or 0.57% from Wednesday's $94.62 settlement.
• WTI crude was around $87.94 per barrel, down $0.18 or 0.20% from its previous settlement of $88.12.
• The Brent-WTI spread was approximately $7.22 per barrel.
• The figures are live/delayed post-Indian-market quotes rather than final 5 November ICE or NYMEX settlement prices.
• Crude had been volatile after both benchmarks fell more than 8% in the previous session amid changing expectations around the US-Iran conflict.

Crude Oil Price Today

International crude markets remained open after the Indian cash equity session ended on Thursday, 5 November 2026.

Brent crude was quoted at approximately $95.16 per barrel, compared with the previous settlement of $94.62. This represented an increase of $0.54, or 0.57%.

US West Texas Intermediate crude was around $87.94 per barrel, compared with Wednesday's $88.12 settlement, representing a decline of $0.18, or 0.20%.

Source: Yahoo Finance delayed front-month futures feed, checked at approximately 4:00 PM IST on 5 November 2026. These are live/delayed quotes and not final ICE or NYMEX settlement prices.

The Brent-WTI spread was approximately $7.22 per barrel, with Brent trading at a premium to WTI.

A consistent post-Indian-market intraday high/low pair was not available from the same delayed feed at the time of verification, so those figures are not mixed with earlier-session data.

What Happened to Brent and WTI Today?

Oil prices experienced a volatile session after the sharp decline recorded on Wednesday.

Reuters reported that Brent had initially fallen to $93.82 and WTI to $86.92 by 0426 GMT on Thursday as markets assessed whether the outcome of the US congressional elections could lower the probability of further escalation in the US-Israeli conflict with Iran.

Both benchmarks had fallen more than 8% in the previous session. Brent settled Wednesday at $94.62 per barrel, down 8.7%, while WTI settled at $88.12, down 8.3%, with both reaching their lowest settlements since 31 August.

By the post-Indian-market snapshot used here, Brent had recovered above Wednesday's settlement while WTI was trading close to, but slightly below, its previous settlement.

The change from the earlier session lows illustrates the day's volatility. It does not establish a single cause for the subsequent recovery.

Reuters also reported that crude shipments through the Strait of Hormuz had recovered towards pre-war levels, although at higher costs, while the outlook for a diplomatic resolution remained uncertain.

What Is the Difference Between Brent and WTI?

Brent and WTI are two of the world's main crude-oil benchmarks.

Brent is used extensively as an international pricing reference, particularly for seaborne crude. WTI is the principal US benchmark and is associated with physical delivery at Cushing, Oklahoma.

At the post-market prices used in this article:

Brent: $95.16 per barrel

WTI: $87.94 per barrel

Brent-WTI spread: $7.22 per barrel

The spread can change because of differences in crude quality, geography, transportation infrastructure, regional supply-demand conditions and contract-specific market factors.

Why Do Crude Prices Matter for India?

India's Import Bill

India meets a substantial portion of its crude-oil requirements through imports.

If crude prices rise while import volumes and the exchange rate remain unchanged, the dollar value of the oil import bill increases. Lower crude prices have the opposite mechanical effect under otherwise identical conditions.

Inflation

Crude oil feeds into several parts of the economy through fuels, freight, petrochemicals and industrial raw materials.

The eventual consumer-price impact also depends on exchange rates, taxes, refining economics, administered pricing decisions and the extent to which companies pass input-cost changes through to customers.

Airlines and Logistics

Aviation turbine fuel and diesel-related expenses are important operating costs for airlines and logistics companies.

Changes in crude and refined-product prices can therefore alter fuel expenditure, although the final financial effect also depends on hedging, pricing, utilisation and other operating variables.

Paints, Chemicals and Manufacturing

Several paints, chemicals, synthetic materials and packaging inputs are linked directly or indirectly to petrochemical feedstocks.

Changes in crude prices can therefore affect raw-material costs through refinery and petrochemical value chains, with varying time lags.

Refiners and Oil-Marketing Companies

For refiners, crude represents a major input cost, but profitability depends not simply on the absolute crude price but also on the difference between crude costs and realised prices for refined products.

For oil-marketing companies, product pricing, taxes, inventory gains or losses and marketing margins are also relevant.

Upstream Oil Producers

For oil producers, revenue from crude production is generally linked to prevailing benchmark prices, subject to the quality of the crude, contractual terms, taxes and other adjustments.

Rupee and External Balance

Because international oil is largely invoiced in US dollars, changes in both crude prices and USD/INR affect the rupee value of India's oil imports.

A larger oil import bill can increase demand for foreign currency and affect the merchandise trade and current-account balances, all else being equal.