Brent crude oil futures rose to $64.7 per barrel on Monday, extending gains for the third session, supported by hopes that the longest US government shutdown in history could end this week and by strong demand for fuels like gasoline and diesel. The 42-day shutdown may conclude soon after the Senate passed a temporary funding measure, with the House set to consider it Wednesday. Rising premiums for fuels also attracted buying, and technical traders may add further support if prices move above key levels. Meanwhile, US sanctions on Russia’s top oil firms linked to the Ukraine conflict appear to be taking effect, with reports showing that Russia’s seaborne crude shipments have fallen for a third consecutive week and Lukoil declaring force majeure on exports from its West Qurna 2 field in Iraq. Elsewhere, US President Donald Trump said a trade deal with India is getting closer as New Delhi reduces Russian oil purchases.

Brent rose to 65.13 USD/Bbl on November 11, 2025, up 1.67% from the previous day. Over the past month, Brent's price has risen 2.86%, but it is still 9.40% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Brent crude oil reached an all time high of 147.50 in July of 2008. Brent crude oil - data, forecasts, historical chart - was last updated on November 11 of 2025.

Brent rose to 65.13 USD/Bbl on November 11, 2025, up 1.67% from the previous day. Over the past month, Brent's price has risen 2.86%, but it is still 9.40% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Brent crude oil is expected to trade at 64.53 USD/BBL by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 69.94 in 12 months time.



Price Day Month Year Date
Crude Oil 61.05 0.890 1.48% 2.62% -10.38% Nov/11
Brent 65.14 1.070 1.67% 2.87% -9.39% Nov/11
Natural gas 4.52 0.1847 4.26% 45.05% 55.58% Nov/11
Gasoline 2.01 0.0541 2.76% 8.81% 2.59% Nov/11
Heating Oil 2.58 0.0725 2.89% 14.85% 17.01% Nov/11
Coal 109.45 -1.00 -0.91% 4.84% -23.06% Nov/10
Ethanol 1.74 0.0350 2.05% -1.14% 8.75% Nov/11
Naphtha 540.50 0.65 0.12% 2.13% -13.89% Nov/10
Propane 0.64 0.01 1.17% -0.36% -20.06% Nov/10
Uranium 77.90 0.4500 0.58% -1.58% 1.63% Nov/10
Methanol 2,070.00 12.00 0.58% -7.22% -15.96% Nov/11
Urals Oil 54.92 -0.08 -0.15% -6.66% -16.38% Nov/10


Brent crude oil
Brent Crude oil is a major benchmark price for purchases of oil worldwide. While Brent Crude oil is sourced from the North Sea the oil production coming from Europe, Africa and the Middle East flowing West tends to be priced relative to this oil. The Brent prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.
Actual Previous Highest Lowest Dates Unit Frequency
65.13 64.06 147.50 2.23 1970 - 2025 USD/BBL Daily

News Stream
Brent Crude Oil Picks Up Toward $65
Brent crude oil futures rose to $64.7 per barrel on Monday, extending gains for the third session, supported by hopes that the longest US government shutdown in history could end this week and by strong demand for fuels like gasoline and diesel. The 42-day shutdown may conclude soon after the Senate passed a temporary funding measure, with the House set to consider it Wednesday. Rising premiums for fuels also attracted buying, and technical traders may add further support if prices move above key levels. Meanwhile, US sanctions on Russia’s top oil firms linked to the Ukraine conflict appear to be taking effect, with reports showing that Russia’s seaborne crude shipments have fallen for a third consecutive week and Lukoil declaring force majeure on exports from its West Qurna 2 field in Iraq. Elsewhere, US President Donald Trump said a trade deal with India is getting closer as New Delhi reduces Russian oil purchases.
2025-11-11
Oil Steadies Ahead Market Reports
Brent crude oil futures fluctuated between small gains and losses at around $64 per barrel on Monday, as traders awaited fresh reports on a possible global oil surplus. OPEC will release its monthly outlook Wednesday, alongside the IEA’s annual forecast, which already projects a record glut for 2026. A monthly update from the IEA follows on Thursday. Crude has struggled this year, weighed down by expectations of oversupply as OPEC+ loosens production cuts while non-member producers keep adding barrels. Earlier this month, the alliance approved a 137,000 bpd increase for December, matching October and November, but will pause hikes in early 2026. Meanwhile, President Trump said that India has “stopped” buying Russian oil under US pressure. Lukoil declared force majeure on shipments from Iraq’s West Qurna 2 field.
2025-11-11
Brent Eases as Market Reports Eyed
Brent crude futures slipped below $64 per barrel on Tuesday, but remained sideways so far this week as investors awaited key industry reports amid growing concerns of a potential global supply surplus. OPEC is set to release its monthly market outlook on Wednesday, alongside the International Energy Agency’s annual outlook report. Oil prices have recently come under pressure as global supply is expected to outpace demand, with OPEC and allies, including Russia, easing output curbs while non-OPEC producers added barrels. Meanwhile, Russia’s top oil firms, Rosneft PJSC and Lukoil PJSC, face US sanctions linked to the Ukraine conflict, with Lukoil reportedly declaring force majeure on shipments from its West Qurna 2 field in Iraq. Elsewhere, US President Donald Trump said a trade deal with India is getting closer as New Delhi reduces Russian oil purchases.
2025-11-11