# Oil holds near $95 as tankers keep getting hit in Hormuz

> Brent settled at $95.84 on Friday, its second straight weekly loss, despite tanker attacks in the Strait of Hormuz. The IEA projects a 1.7 million bpd surplus in the fourth quarter as Gulf exports recover and US stockpiles build.

- Date: 2026-11-15 · published 2026-11-15T09:11:36.966Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/101030-oil-holds-near-95-as-tankers-keep-getting-hit-in-hormuz
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

A returning oil surplus points to softer diesel and energy costs for feed producers, while traders are focused on diplomacy such as Qatar's proposal to reopen the strait. Thin inventories leave the market exposed to a cold snap or a fresh closure.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼
- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-06-24 | [Oil curve points to near-term glut as Hormuz flows rise \| Reuters](https://feedsoft.ai/events/18985-oil-curve-points-to-near-term-glut-as-hormuz-flows-rise-reuters.md) | -6.2% | +21.0% |
| BRENT | 2023-03-16 | [Oil slumps nearly 5% to lowest in more than a year as banking fears mount](https://feedsoft.ai/events/37047-oil-slumps-nearly-5-to-lowest-in-more-than-a-year-as-banking-fears-mount.md) | +3.2% | +16.6% |
| BRENT | 2026-06-30 | [Economists Agree: 2026 Oil price forecasts lowered as Strait of Hormuz shipping improves – Reuters poll — Octa](https://feedsoft.ai/events/19001-economists-agree-2026-oil-price-forecasts-lowered-as-strait-of-hormuz-shipping.md) | -2.2% | +24.5% |
| BRENT | 2021-12-01 | [Oil prices sink again as traders use Omicron as an excuse to hit 'sell' \| Reuters](https://feedsoft.ai/events/6300-oil-prices-sink-again-as-traders-use-omicron-as-an-excuse-to-hit-sell-reuters.md) | +6.8% | +9.0% |
| BRENT | 2022-06-23 | [Oil prices slump as investors fear Fed rate hikes will hurt demand \| Reuters](https://feedsoft.ai/events/41110-oil-prices-slump-as-investors-fear-fed-rate-hikes-will-hurt-demand-reuters.md) | +4.3% | -2.0% |
| WTI | 2026-06-24 | [Oil curve points to near-term glut as Hormuz flows rise \| Reuters](https://feedsoft.ai/events/18985-oil-curve-points-to-near-term-glut-as-hormuz-flows-rise-reuters.md) | -5.3% | +15.5% |
| WTI | 2023-03-16 | [Oil slumps nearly 5% to lowest in more than a year as banking fears mount](https://feedsoft.ai/events/37047-oil-slumps-nearly-5-to-lowest-in-more-than-a-year-as-banking-fears-mount.md) | +4.9% | +21.8% |
| WTI | 2026-07-27 | [Canadian dollar hits near two-week low as oil prices drop \| Reuters](https://feedsoft.ai/events/18591-canadian-dollar-hits-near-two-week-low-as-oil-prices-drop-reuters.md) | -3.3% | -2.6% |

## Sources

- worldbusinesswatch.com: https://worldbusinesswatch.com/news/16/418/oil-holds-near-95-as-tankers-keep-getting-hit-in-hormuz.html

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