Weekly Crude Oil Price Recap

May 6–12, 2026 · EIA spot data, sourced from the U.S. Energy Information Administration

Week-End Benchmark Prices

Brent Crude

BZ · per barrel

$107.03

−$0.36 (−0.34%)

Last updated Nov 3, 2026 12:00 AM UTC

WTI Crude

CL · per barrel

$99.64

−$0.42 (−0.42%)

Last updated Nov 3, 2026 12:00 AM UTC

This Week's Market Story

Crude benchmarks remained range-bound this week as markets weighed OPEC+ compliance data against softer-than-expected Chinese import figures. Brent held support above the 60-dollar level while WTI tracked closely. The EIA weekly inventory report showed a modest crude draw, providing a brief intraday lift before prices settled near the week's opening levels. No major supply disruptions were reported.

Key Drivers This Week

  • EIA weekly crude draw provided modest support mid-week
  • Chinese import data softer than Q1 pace, weighing on demand outlook
  • OPEC+ compliance tracking near 90%, broadly in line with prior months
  • U.S. dollar index relatively stable, limiting currency-driven crude moves

7-Day Price Data

DateBrentWTISpread
2026-11-03 $107.03 $99.64 +7.39
2026-11-02 $107.39 $100.06 +7.33
2026-10-30 $120.15 $107.56 +12.59
2026-10-29 $115.28 $105.51 +9.77
2026-10-28 $119.20 $106.25 +12.95
2026-10-27 $123.10 $103.37 +19.73

Source: U.S. Energy Information Administration. Spot prices are one business day behind live futures.