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This is your Daily Crude Oil Price Tracker with Vanessa Clark podcast.

Good morning and welcome back to Daily Crude Oil Price Tracker. I am Vanessa Clark and I am here to give you the latest updates, news, and some practical tips about crude oil markets as we head into Thursday, November thirteenth, twenty twenty-five.

Let’s start with the headline everyone’s searching for: the current price for crude oil. As of late Wednesday, West Texas Intermediate, or WTI, crude oil is trading around sixty dollars and forty cents per barrel. That is down about one percent from the previous day. Over the past month, prices have seen some ups and downs—rising about one and a half percent overall—but compared to this time last year, it is still trailing eleven percent lower. Brent crude, the international benchmark, is sitting just under sixty-five dollars a barrel and saw similar downward pressure this week.

So, what’s driving these movements? Traders have been responding to upcoming reports from the major agencies. The Organization of Petroleum Exporting Countries, OPEC, released its monthly market overview, and the International Energy Agency will follow with its annual energy outlook. Both institutions have softened their previous positions, now projecting that global oil demand could keep climbing right through twenty fifty. But the market remains cautious. There are expectations for a large supply surplus, especially as OPEC plus members restore production capacity and non-member nations ramp up output. At the same time, US sanctions on Russia’s oil sector are starting to have a real impact. Lukoil, a major Russian firm, has declared force majeure on crude shipments from Iraq, and Russia’s seaborne oil exports are falling for a third week in a row.

Turning to geopolitics, Saudi Arabia, Iraq, and Kuwait are raising exports to India as refineries move away from Russian oil. This shift is part of a global search for supply stability as the patterns of trade continue to adjust to sanctions and regional politics. Another factor giving the market a little support is optimism that the US government’s forty-two day shutdown may finally end, which could boost economic activity and, in turn, energy demand. However, political uncertainty is still keeping traders on their toes, especially with upcoming votes in Washington that will determine federal funding levels and public spending into twenty twenty-six.

What does all this mean if you are an investor, a business owner, or just somebody who tracks energy prices? First, expect continued volatility. Oil prices have plunged more than two percent this week as OPEC revised its outlook to a balanced market for next year, moving away from the deficit forecasts we saw this fall. Technical selling and macroeconomic worries have erased most of the autumn rally, and inventories remain stable. If you’re planning budgets or locking in prices, pay close attention to the upcoming OPEC policy review scheduled for December—it could influence oil prices and supply fundamentals for many months ahead.

Looking ahead, analysts are estimating that crude oil could rise back to about sixty-six dollars a barrel over the next year, but short-term forecasts warn of more downside into the first quarter of twenty twenty-six. The US Energy Information Administration expects Brent crude to average around fifty-four dollars early next year, signaling that we might see even weaker prices unless demand surprises to the upside or geopolitical tension escalates.

Practical tip for today: If you are involved in purchasing or hedging crude oil for your company, keep a close eye on these reports and be ready to adjust your strategy quickly, as market-moving headlines are now arriving almost daily. For consumers, watch for...