Archive · 13 Aug 2026
Crude oil prices rise as Brent trades higher at $89.41
Oil is a very important fuel that people and companies buy and sell, and its price changes all the time.
This news tells us about a day when the price of oil went up.
The price of Brent oil, which is one type of oil used as a worldwide reference, went up a little bit to $89.41 for one barrel.
A barrel is a big container that holds oil.
Another type of oil, called West Texas Intermediate, also went up and cost $83.72 per barrel.
In India, the price of oil for future delivery went up by 0.61 percent, so one barrel cost Rs 7,892.
Traders were buying more oil because they saw strong demand for it right now.
More people wanting to buy made the price go higher.
Some oil for delivery in September went up by Rs 48.
Analysts say that when traders place more bets on oil, the price tends to go up.
So overall, oil prices moved higher on this day.
Brent crude rose 0.56% to $89.41 per barrel in New York.
West Texas Intermediate crude traded 0.62% higher at $83.72 per barrel.
Crude oil futures rose 0.61% to Rs 7,892 per barrel in futures trade.
Crude oil for September delivery traded higher by Rs 48 in 1,132 lots.
Analysts attributed the rise to increased positions by participants following firm spot demand.
- Who
- Trading participants and analysts in the crude oil futures market
- What
- Crude oil prices rose, with Brent crude up 0.56% to $89.41 per barrel
- When
- During the latest futures trading session, covering September delivery contracts
- Where
- Global markets, including New York and Indian crude oil futures trade
- Why
- Participants increased their positions following firm spot demand
- Brent crude price
- $89.41 per barrel
- Brent crude change
- +0.56%
- WTI price
- $83.72 per barrel
- WTI change
- +0.62%
- Indian crude futures price
- Rs 7,892 per barrel
- Indian crude futures change
- +0.61% (Rs 48 higher)
- Contract details
- September delivery, 1,132 lots
- Driver
- Firm spot demand and increased participant positions