# WTI falls 2.9% on the week to $88.20 as Saudi output of 10.5 million b/d and record US supply outweigh Hormuz attacks

> December WTI fell 2.9% for the week to $88.20 after opening at $90.83 and dropping to $83.88 before recovering. Saudi Arabia pumped 10.5 million bpd in October, and US crude output topped 14 million bpd for the first time. Tanker attacks near Hormuz did not offset the supply gains.

- Date: 2026-11-14 · published 2026-11-15T00:11:27.604Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/100204-wti-falls-2-9-on-the-week-to-88-20-as-saudi-output-of-10-5-million-b-d-and
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Record supply from the US, Saudi Arabia, Brazil and Guyana that bypasses Hormuz is pushing crude lower, reducing fuel and freight costs for feed buyers.

## Read by commodity

- WTI: bearish ▼

## Sources

- energyreader.io: https://energyreader.io/brief/19095

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.