# Oil Prices Today November 13: Brent Reverses Course, Climbs Above $95; What Happens Next?

> Brent rose above $95 after Trump said the US did not need an Iran deal and controlled Iranian funds and the strait. Brent futures settled 3.3% higher at $95.82 and WTI gained 2.6% to $88.74 on Thursday. Iran said it would not hold direct talks until the US lifts its naval blockade and sanctions.

- Date: 2026-11-12 · published 2026-11-13T03:09:40.544Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/97042-oil-prices-today-november-13-brent-reverses-course-climbs-above-95-what-happens
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Stalled diplomacy keeps a risk premium in crude, supporting diesel and energy costs for feed production and transport.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2024-04-12 | [Crude oil prices today: WTI, Brent rise as Israel braces for Iran attack](https://feedsoft.ai/events/30930-crude-oil-prices-today-wti-brent-rise-as-israel-braces-for-iran-attack.md) | -2.7% | -6.1% |
| WTI | 2024-02-27 | [Crude oil prices today: WTI, Brent rise on Gaza cease-fire uncertainty](https://feedsoft.ai/events/31852-crude-oil-prices-today-wti-brent-rise-on-gaza-cease-fire-uncertainty.md) | +1.5% | +5.2% |
| WTI | 2024-10-04 | [What's next for oil, gas prices as Middle East tensions heat up? \| AP News](https://feedsoft.ai/events/12042-what-s-next-for-oil-gas-prices-as-middle-east-tensions-heat-up-ap-news.md) | +2.9% | -6.3% |
| WTI | 2024-10-03 | [Crude oil prices today: WTI rises as Biden comments on Middle East risk](https://feedsoft.ai/events/10027-crude-oil-prices-today-wti-rises-as-biden-comments-on-middle-east-risk.md) | +4.4% | -2.4% |
| WTI | 2026-08-31 | [Brent nears $90 after US-Iran strikes: Why is crude oil price rising?](https://feedsoft.ai/events/18055-brent-nears-90-after-us-iran-strikes-why-is-crude-oil-price-rising.md) | +9.6% | +4.0% |
| BRENT | 2024-04-12 | [Crude oil prices today: WTI, Brent rise as Israel braces for Iran attack](https://feedsoft.ai/events/30930-crude-oil-prices-today-wti-brent-rise-as-israel-braces-for-iran-attack.md) | -3.2% | -7.8% |
| BRENT | 2024-02-27 | [Crude oil prices today: WTI, Brent rise on Gaza cease-fire uncertainty](https://feedsoft.ai/events/31852-crude-oil-prices-today-wti-brent-rise-on-gaza-cease-fire-uncertainty.md) | +1.7% | +3.8% |
| BRENT | 2024-10-04 | [What's next for oil, gas prices as Middle East tensions heat up? \| AP News](https://feedsoft.ai/events/12042-what-s-next-for-oil-gas-prices-as-middle-east-tensions-heat-up-ap-news.md) | +2.4% | -5.7% |

## Sources

- ndtvprofit.com: https://www.ndtvprofit.com/markets/oil-prices-today-november-12-brent-crude-oil-wti-reverses-course-climbs-above-95-what-happens-next-us-strait-of-hormuz-iran-war-middle-east-12320081
- thestar.com.my: https://www.thestar.com.my/news/world/2026/11/13/crude-futures-settle-higher

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.