Crude oil

WTI and Brent Forward Curves

NYMEX WTI (CL) and Brent (BZ) settlement curves out to ten years, with overlays from one week, one month and one year ago, calendar spreads, and Brent–WTI.

WTI

M1–M2
$+1.32
M1–M12
$+15.41
M1–M36
$—
Structure
Backwardation
M1–M12 percentile (5y)
47th

NYMEX via Databento · as of Nov 5, 2026

Spreads are near minus far: positive means backwardation (the front is dearer).

Brent

M1–M2
$+3.38
M1–M12
$—
M1–M36
$—
Structure
Backwardation
M1–M12 percentile (5y)
—

NYMEX via Databento · as of Nov 5, 2026

Spreads are near minus far: positive means backwardation (the front is dearer).

Brent – WTI

$+7.77 front-month futures

NYMEX via Databento · as of Nov 5, 2026