Oil price today: WTI and Brent
Daily crude oil spot prices published by the U.S. Energy Information Administration. EIA posts each trading day's spot prices with a short delay, so the latest figure is usually from the most recent day or two.
On November 11, 2026, Brent was $2.52 per barrel above WTI.
| Benchmark | Latest | Date | 52-week low | 52-week high |
|---|---|---|---|---|
| WTI crude oil | $89.62 | Nov 11, 2026 | $55.44 | $114.58 |
| Brent crude oil | $92.14 | Nov 11, 2026 | $59.93 | $138.21 |
Dollars per barrel. 52-week range computed from EIA's daily series over the last 252 trading days. Sources: EIA RWTC (WTI), EIA RBRTE (Brent).
Last 12 months
Source: U.S. EIA daily spot prices (FOB).
WTI vs. Brent: what's the difference?
West Texas Intermediate (WTI) is a light, low-sulfur U.S. crude. The price EIA reports is the spot price at Cushing, Oklahoma, the delivery point for the main U.S. crude futures contract, so WTI is the usual benchmark for oil produced and refined in the United States.
Brent is a blend of crudes from the North Sea. Because it is shipped by sea and priced in Europe, it is the most widely used benchmark for oil traded internationally. The gap between the two (the "Brent-WTI spread") reflects transport costs, pipeline and export capacity, and regional supply and demand.
A spot price is the price for oil delivered promptly, as opposed to a futures price for delivery months ahead. "FOB" (free on board) means the price at the loading point, before shipping costs.
What moves oil prices
- Supply decisions and disruptions - production levels in major producing countries, OPEC+ policy, outages, conflicts and sanctions.
- Demand and the economy - economic growth, travel, industrial activity and seasonal patterns.
- Inventories - weekly U.S. stock levels, which EIA publishes in its Weekly Petroleum Status Report, signal whether markets are tight or well supplied.
- Financial markets - interest rates, the value of the dollar and trading in futures markets.
How crude oil affects what you pay at the pump
Crude oil is the largest single part of the retail price of gasoline, but not the only one: refining, distribution and marketing, and taxes make up the rest. Changes in crude prices usually reach the pump with a lag of days to weeks. Read our guide What's in a gallon of gas? or see this week's U.S. gas prices.