# Oil rises but declines for the week as supply concerns ease

> Oil prices rose about 1% on Friday after strikes in Norway and Iraq disrupted supplies. Futures were still set for a second weekly decline after Libyan ports reopened and expectations grew that Iran might keep exporting crude despite US sanctions.

- Date: 2018-07-13 · published 2018-07-13T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/10095-oil-rises-but-declines-for-the-week-as-supply-concerns-ease
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Offsetting supply disruptions and returning Libyan and Iranian barrels leave the market balanced, so near-term energy costs are not clearly moving. Feed buyers should expect limited direct price pressure from crude in the short term.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2018-07-13 | [Oil falls for second week as supply concerns ease](https://feedsoft.ai/events/10098-oil-falls-for-second-week-as-supply-concerns-ease.md) | -1.2% | -5.0% |
| WTI | 2026-07-31 | [WTI Oil rises as geopolitical risks keep supply concerns alive](https://feedsoft.ai/events/18520-wti-oil-rises-as-geopolitical-risks-keep-supply-concerns-alive.md) | -7.4% | -0.3% |
| WTI | 2018-09-13 | [Oil trades below $70 as traders assess supply shortage  \| The National](https://feedsoft.ai/events/63208-oil-trades-below-70-as-traders-assess-supply-shortage-the-national.md) | +1.0% | +4.0% |
| WTI | 2025-12-03 | [Vegetable oil prices rose slightly after falling in the previous week](https://feedsoft.ai/events/11261-vegetable-oil-prices-rose-slightly-after-falling-in-the-previous-week.md) | -0.7% | -2.5% |
| WTI | 2024-10-30 | [What's in Store for the Oil and Gas Markets in Q4? - FocusEconomics](https://feedsoft.ai/events/8119-what-s-in-store-for-the-oil-and-gas-markets-in-q4-focuseconomics.md) | +7.1% | +2.3% |
| BRENT | 2018-07-13 | [Oil falls for second week as supply concerns ease](https://feedsoft.ai/events/10098-oil-falls-for-second-week-as-supply-concerns-ease.md) | -1.4% | -2.7% |
| BRENT | 2018-09-13 | [Oil trades below $70 as traders assess supply shortage  \| The National](https://feedsoft.ai/events/63208-oil-trades-below-70-as-traders-assess-supply-shortage-the-national.md) | -0.6% | +4.5% |
| BRENT | 2025-10-28 | [The Commodities Feed: Sanction concerns boost diesel prices \| ING THINK](https://feedsoft.ai/events/22596-the-commodities-feed-sanction-concerns-boost-diesel-prices-ing-think.md) | -0.4% | -2.2% |

## Sources

- reuters.com: https://www.reuters.com/article/us-global-oil/oil-rises-but-set-for-second-weekly-fall-as-supply-concerns-ease-idUSKBN1K306Z/?il=0

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