Brent oil crosses $116 The price of Brent crude oil futures for December, which expires on Friday, rose $1.20 cents, or 1.04%, to $116.8 cents per barrel. The more active January contract rose $1.39 to $112.19. The price of US West Texas Intermediate (WTI) crude oil rose by 1 dollar and 37 cents or 1.34%, reaching 103 dollars and 37 cents per barrel.