Actual
95.780
Daily Change
-0.04 -0.04%
Monthly
-9.69%
Yearly
48.75%
Q4 Forecast
100.922
Brent oil - Summary

Brent crude prices hovered near $96 per barrel on Friday after rising in the previous session, as President Donald Trump stated that the US no longer needs a deal with Iran, dampening hopes for a diplomatic resolution to the war. Trump also directed Vice President JD Vance to prioritize domestic matters over negotiations with Tehran. Meanwhile, Iran maintained its position that Washington must lift its naval blockade and sanctions against the country before any direct peace talks can take place. Mohsen Rezaee, secretary of Iran's Supreme National Security Council, further emphasized that Tehran has no intention of removing its enriched nuclear materials from the country. Despite these developments, oil prices remain on track for a second consecutive weekly decline as Middle Eastern crude exports continue to recover. Hopes for a faster resolution to the conflict have also been supported by a Democratic victory in the US midterm elections.

Brent oil - Stats

Brent fell to 95.68 USD/Bbl on November 13, 2026, down 0.15% from the previous day. Over the past month, Brent's price has fallen 9.79%, but it is still 48.59% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Brent oil reached an all time high of 147.50 in July of 2008. Brent oil - data, forecasts, historical chart - was last updated on November 13 of 2026.

Brent oil - Forecast

Brent fell to 95.68 USD/Bbl on November 13, 2026, down 0.15% from the previous day. Over the past month, Brent's price has fallen 9.79%, but it is still 48.59% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Brent oil is expected to trade at 100.92 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 116.84 in 12 months time.



Price Day Month Year Date
Crude Oil 88.26 -0.485 -0.55% -7.19% 46.87% Nov/13
Brent 95.78 -0.040 -0.04% -9.69% 48.75% Nov/13
Natural gas 3.31 -0.0321 -0.96% 3.44% -27.55% Nov/13
Gasoline 2.65 -0.0183 -0.69% -18.62% 32.36% Nov/13
Heating Oil 4.27 -0.0131 -0.31% -13.27% 68.84% Nov/13
Coal 145.25 2.80 1.97% -3.42% 32.59% Nov/12
Ethanol 1.78 -0.0050 -0.28% -12.75% 1.57% Nov/11
Naphtha 776.50 14.63 1.92% -12.86% 45.56% Nov/11
Propane 1.05 0.04 4.19% 0.16% 61.06% Nov/11
Uranium 90.55 -0.4000 -0.44% 0.61% 16.39% Nov/11
Methanol 3,555.00 -225.00 -5.95% -4.44% 73.25% Nov/12
Urals Oil 72.18 0.02 0.03% -40.32% 36.14% Nov/11


Brent oil
Brent crude oil is one of the principal benchmark prices for oil traded globally. Originating from the North Sea, Brent serves as a key pricing reference for crude oil produced in Europe, Africa, and the Middle East, particularly for supplies moving westward. Due to its broad use in international trade, Brent is widely regarded as a global benchmark for oil pricing. Brent crude is typically classified as light and sweet, meaning it has relatively low density and sulfur content, making it easier to refine into products such as gasoline and diesel. Brent prices displayed on Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments and are intended to provide a general market reference only. These prices do not represent official Brent crude benchmarks. The data is supplied by a third party and, while efforts are made to ensure its reliability, Trading Economics does not verify the data and makes no representations or warranties.
Actual Previous Highest Lowest Dates Unit Frequency
95.68 95.82 147.50 2.23 1970 - 2026 USD/BBL Daily

News Stream
Brent Holds Advance as Trump Downplays Iran Deal
Brent crude prices hovered near $96 per barrel on Friday after rising in the previous session, as President Donald Trump stated that the US no longer needs a deal with Iran, dampening hopes for a diplomatic resolution to the war. Trump also directed Vice President JD Vance to prioritize domestic matters over negotiations with Tehran. Meanwhile, Iran maintained its position that Washington must lift its naval blockade and sanctions against the country before any direct peace talks can take place. Mohsen Rezaee, secretary of Iran's Supreme National Security Council, further emphasized that Tehran has no intention of removing its enriched nuclear materials from the country. Despite these developments, oil prices remain on track for a second consecutive weekly decline as Middle Eastern crude exports continue to recover. Hopes for a faster resolution to the conflict have also been supported by a Democratic victory in the US midterm elections.
2026-11-12
Brent Crude Rises on Uncertainty Over US-Iran Diplomacy
Brent crude rose to around $96 a barrel on Thursday, extending gains for a second consecutive session and rebounding from a ten-week low of $91.5 reached on November 10th. Prices climbed after US President Trump declared that the US no longer needs a deal with Iran. The remarks marked a sharp departure from Monday, when Trump described the war as "militarily effectively over" following talks with Qatar's prime minister. Meanwhile, Iran has shown little willingness to soften its negotiating position. Mohsen Rezaee, secretary of Iran's Supreme National Security Council, said Tehran would not remove any enriched nuclear material from the country. Despite the diplomatic uncertainty, Middle Eastern crude supplies have recovered considerably. Saudi Arabia reported a 26% increase in October production, while Iraq also raised output. However, shipments remain dependent on alternative routes, ship-to-ship transfers and military protection.
2026-11-12
Brent Crude Rises from 10-Week Low
Brent crude rose above $94 a barrel on Thursday, extending gains for a second consecutive session as prices attempted to recover from a ten-week low of $91.5 on November 10. Investors weighed escalating tensions between Washington and Tehran against signs of recovering supply from Saudi Arabia. President Donald Trump said the US no longer needs a deal with Iran, signalling a shift away from recent diplomatic efforts. Tehran also maintained a hardline position, with senior official Mohsen Rezaee ruling out the removal of any enriched nuclear material from the country. Still, Saudi Arabia reported a 26% increase in oil production in October, bringing output to one of its highest monthly levels in years, while Iraq also raised production to a wartime record. Adding to supply-side pressure, EIA data showed US crude inventories rose by 4.657 million barrels in the week ended November 6, the largest increase since August and a reversal of five consecutive weekly declines.
2026-11-12