Crude Oil Price Today: Brent at $96.42, WTI at $88.92 on 13 November 2026

Key Takeaways

• Brent January 2027 futures were quoted at $96.42 per barrel, up $0.60 or 0.63%, in the latest post-Indian-market live-derived reading.
• WTI December 2026 futures were quoted at $88.92 per barrel, up $0.18 or 0.20%, in delayed CME-linked data.
• The corresponding Brent-WTI spread was approximately $7.50 per barrel.
• Brent's verified intraday range was $95.07-$96.76, while WTI's range was $88.04-$89.12.
• These were live/post-market intraday prices rather than final ICE or NYMEX settlements, because international crude markets were still trading after the Indian equity market had closed.

Crude oil prices were modestly higher in post-Indian-market trading on Friday, 13 November 2026, as markets continued to assess Middle East supply and shipping risks alongside the possibility of diplomatic developments.

Brent crude was quoted at $96.42 per barrel, while WTI was at $88.92 per barrel in the latest verified post-Indian-equity-market readings available for this article.

Source: Investing.com Brent real-time-derived market data, source-displayed time 10:40:58 on 13 November 2026. The $96.42 figure is a live intraday quote, not a settlement.

Source: CME-linked delayed WTI data via Investing.com, source-displayed time 10:10:55 on 13 November 2026. The $88.92 figure is an intraday delayed quote, not a final NYMEX settlement.

Brent and WTI Prices

The spread between the two benchmark prices was approximately:

$96.42 − $88.92 = $7.50 per barrel

Brent's reported session range was $95.07-$96.76, while WTI had traded between $88.04 and $89.12.

What Happened to Brent and WTI Today?

Crude markets remained sensitive to developments affecting Middle East production and shipping.

A later market report showed Brent around $96.43 and WTI around $88.89, broadly consistent with the post-Indian-market readings above. Traders were balancing continued shipping risks against the possibility of US-Iran diplomacy, while recovering regional production had reduced some immediate supply concerns.

Inventory data also remained part of the supply-demand picture. CME's 12 November market commentary noted that US commercial crude stocks had increased by 4.7 million barrels, alongside higher gasoline and distillate inventories and refinery utilisation of 95.2%.

These factors can operate in opposite directions: physical supply or shipping disruptions can increase concerns about available barrels, while rising inventories or recovering production can increase near-term supply availability.

What Is the Difference Between Brent and WTI?

Brent is the principal benchmark for much of the internationally traded seaborne crude market and is associated with ICE Futures Europe.

WTI, or West Texas Intermediate, is the major US crude benchmark, with NYMEX futures centred on delivery at Cushing, Oklahoma.

The two benchmarks can trade at different prices because of differences in crude quality, transportation, storage, regional supply-demand conditions and access to international markets.

At the latest prices used here, Brent's premium over WTI was approximately $7.50 per barrel.

Why Do Crude Prices Matter for India?

India's Import Bill

India imports a large share of the crude oil it consumes.

If benchmark crude prices rise and import volumes and the rupee-dollar exchange rate remain unchanged, the value of India's crude import bill increases. A decline in benchmark prices works in the opposite direction under otherwise unchanged conditions.

The actual import cost also depends on the grades India purchases, freight, insurance, contractual pricing periods and currency movements.

Inflation

Crude oil is an input into fuels and a wide range of petroleum-derived products.

Changes in crude and refined-product prices can therefore be transmitted through petrol and diesel, freight costs, petrochemicals, packaging, industrial inputs and other parts of the supply chain. The extent and timing of the transmission also depend on taxes, refining economics and domestic pricing decisions.

Airlines and Logistics

Aviation turbine fuel and diesel are important operating costs for airlines and logistics businesses.

Changes in crude prices can affect fuel procurement costs, although the ultimate financial effect depends on refining spreads, domestic fuel prices, hedging, fuel efficiency and companies' ability to pass costs through to customers.

Paints, Chemicals and Manufacturing

A number of chemicals, solvents, polymers and other industrial raw materials are linked directly or indirectly to petroleum feedstocks.

Changes in crude and petrochemical prices can therefore affect input costs and working-capital requirements, but the impact differs by product, contract structure and inventory cycle.

Refiners and Oil-Marketing Companies

For refiners, crude oil is the principal feedstock. The economic effect of a change in crude prices depends not only on the absolute crude price but also on the difference between crude-input costs and realised prices for refined products.

For oil-marketing companies, domestic retail pricing, taxes, inventory timing and product margins are also relevant.

Upstream Oil Producers

For upstream producers, benchmark crude prices are relevant to revenue realisation because crude production is commonly priced with reference to international or regional benchmarks.

The realised price can still differ because of crude quality, contractual adjustments, transport costs and government policies.

Rupee and External Balance

Because international crude purchases are largely dollar-denominated, higher import costs can increase demand for foreign currency, all else being equal.

The eventual effect on India's trade balance and current account depends on crude volumes, other imports and exports, capital flows, the exchange rate and broader economic conditions.