Crude Oil Price Today: Brent at $91.81, WTI at $85.68 in Post-Market Trade on 12 November 2026

Key Takeaways

• Brent crude was trading at $91.81 per barrel at around 4:00 PM IST on 12 November 2026, compared with the previous session's $92.76 benchmark.
• WTI crude was at $85.68 per barrel, compared with the previous session's $86.53 level.
• On a previous-settlement comparison, Brent was lower by approximately $0.95 or 1.02%, while WTI was lower by about $0.85 or 0.98%.
• The Brent-WTI spread stood at approximately $6.13 per barrel.
• These were live international-market prices after the Indian equity market had closed, not final ICE or NYMEX settlement figures.

Crude oil prices were trading lower in the international session on Thursday, 12 November 2026, after the Indian cash market had closed.

At approximately 4:00 PM IST, Brent crude was quoted at $91.81 per barrel, while US West Texas Intermediate crude was at $85.68 per barrel.

International crude markets were still trading at the time of the observation. The figures therefore represent live post-Indian-market prices and not final settlement prices.

Source: Delayed live front-month crude futures market data, as of approximately 4:00 PM IST on 12 November 2026. International trading was still in progress.

Brent and WTI Prices

*Day changes compare the live post-market quote with the previous session's benchmark level of $92.76 for Brent and $86.53 for WTI.

The Brent-WTI spread was approximately $6.13 per barrel.

Because the international session remained open, final session highs, lows and official settlements are not used here.

What Happened to Brent and WTI Today?

Oil prices moved lower during Thursday's global session as several supply and geopolitical factors were reassessed.

Easing concerns about an escalation of conflict in the Middle East reduced part of the geopolitical risk premium that had been embedded in crude prices.

Markets were also monitoring diplomatic efforts surrounding the Russia-Ukraine conflict and Iran, which affected perceptions of potential supply disruptions.

At the same time, higher OPEC+ production and rising US crude inventories added supply-side pressure. Earlier in the session, Reuters reported Brent and WTI both down more than $1 as participants weighed these factors.

The post-Indian-market quotes subsequently showed Brent near $91.81 and WTI near $85.68.

What Is the Difference Between Brent and WTI?

Brent is a major international crude benchmark used extensively in the pricing of oil supplied to Europe, Africa, the Middle East and other global markets.

WTI, or West Texas Intermediate, is the principal US crude benchmark and is closely associated with delivery infrastructure at Cushing, Oklahoma.

The two benchmarks differ because of crude quality, geography, transportation infrastructure, regional supply-demand conditions and contract-market dynamics.

At the 4:00 PM IST snapshot, Brent was approximately $6.13 per barrel more expensive than WTI.

Why Do Crude Prices Matter for India?

India's Import Bill

India imports most of the crude oil it consumes.

If benchmark crude prices change while import volumes and exchange rates remain unchanged, the dollar value of the oil import bill also changes. A sustained difference of even a few dollars per barrel can become material when applied across large import volumes.

Inflation

Crude oil affects the economy through multiple cost channels.

Petroleum products are used in transportation, freight, aviation, petrochemicals and industrial processes. Changes in crude-input costs can therefore move through supply chains, although the eventual consumer-price effect depends on refining margins, taxes, currency movements and domestic fuel-pricing decisions.

Airlines and Logistics

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

Changes in crude prices can affect these fuel costs, while the extent of pass-through depends on domestic product prices, hedging arrangements and operating efficiency.

Paints, Chemicals and Manufacturing

Crude oil is a feedstock for numerous petrochemical derivatives used in paints, plastics, synthetic materials, chemicals and industrial products.

Changes in crude and derivative prices can therefore alter raw-material costs and working-capital requirements across manufacturing supply chains.

Refiners and Oil-Marketing Companies

For refiners, the crude purchase price is one side of the margin equation.

Financial outcomes also depend on the prices realised for petrol, diesel and other refined products, refinery configuration, crude sourcing and the difference between product prices and input costs.

Oil-marketing companies are additionally affected by domestic pricing policies and product-market conditions.

Upstream Oil Producers

For companies producing crude oil, international benchmark movements influence realised prices, subject to the grade of crude produced, contractual pricing formulas, taxes and other adjustments.

The relationship is therefore benchmark-linked rather than one-for-one.

Rupee and External Balance

Crude imports are largely paid for in US dollars.

Changes in the oil import bill can influence India's demand for foreign currency and the merchandise trade balance. The eventual impact depends on crude prices, imported volumes, the exchange rate and movements in India's other imports and exports.