Oil Ends Week Lower for a Second Straight Week
Oil futures settled mixed, with Brent nearly flat and WTI down 0.2%. Both benchmarks posted a second weekly decline in a row.
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what happened
Oil futures settled mixed, with Brent barely changed and WTI down 0.2%. Both benchmarks still posted a second weekly decline in a row. According to Market Talk, the Paris-based International Energy Agency pointed to an improved supply outlook and expects a global surplus in the fourth quarter.
Pressure also came from the EIA report on Thursday, which showed an unexpected 4.7 million barrel rise in U.S. commercial crude stocks. Traders remain focused on the conflict in the Middle East and are unsure what Washington will do next. At settlement, WTI was at $88.56 a barrel and Brent at $95.84 a barrel.
why it matters
A projected surplus combined with a bigger-than-expected build in U.S. inventories points to looser supply and demand balances, which typically weighs on crude prices. The geopolitical risk premium linked to the Middle East is still supporting prices, so the next direction will likely depend on regional developments and upcoming inventory data.
market impact
Brent and WTI: expected surplus and higher U.S. stocks pressure prices
- Brent pressure down — expected fourth-quarter surplus and an unexpected rise in U.S. crude stocks
- WTI pressure down — a 4.7 million barrel increase in U.S. commercial crude inventories
tags
instruments
on polymarket
sources
- Oil Futures End Week Lower — Market Talk, 13 November 2026 at 22:16 UTC
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