# Oil prices slide for second week, raising hopes of fuel price cut

> Oil prices fell for a second consecutive week, with Brent and WTI down about 2.5% on the week, after an IEA report pointed to a rising global oil surplus. Lower Iran-related risk and easing tensions weighed on prices despite Houthi strikes on Saudi infrastructure and tanker attacks in the Gulf.

- Date: 2026-11-15 · published 2026-11-15T15:10:34.754Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/101442-oil-prices-slide-for-second-week-raising-hopes-of-fuel-price-cut
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A growing crude surplus lowers energy and transport costs for feed and fertilizer supply chains and eases biofuel feedstock pricing pressure. The weekly decline reinforces a bearish energy backdrop for agricultural commodities.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2024-07-30 | [Oil prices slide 1%, settle at 7-week low on China worries](https://feedsoft.ai/events/29441-oil-prices-slide-1-settle-at-7-week-low-on-china-worries.md) | -4.3% | +0.7% |
| BRENT | 2020-09-25 | [Oil prices down for the week on new coronavirus concerns](https://feedsoft.ai/events/51290-oil-prices-down-for-the-week-on-new-coronavirus-concerns.md) | -3.0% | +0.7% |
| BRENT | 2022-11-18 | [Oil slides 2%, posts second weekly decline as supply fears recede \| Reuters](https://feedsoft.ai/events/38868-oil-slides-2-posts-second-weekly-decline-as-supply-fears-recede-reuters.md) | -5.4% | -9.5% |
| BRENT | 2024-10-16 | [Oil prices hold at 2-week low on lower oil demand growth forecasts](https://feedsoft.ai/events/28030-oil-prices-hold-at-2-week-low-on-lower-oil-demand-growth-forecasts.md) | +2.5% | -2.4% |
| BRENT | 2023-07-04 | [Why are OPEC+ supply cuts failing to boost oil prices?](https://feedsoft.ai/events/34941-why-are-opec-supply-cuts-failing-to-boost-oil-prices.md) | +4.3% | +14.5% |
| WTI | 2024-07-30 | [Oil prices slide 1%, settle at 7-week low on China worries](https://feedsoft.ai/events/29441-oil-prices-slide-1-settle-at-7-week-low-on-china-worries.md) | -3.7% | +1.7% |
| WTI | 2022-09-21 | [Oil prices slide 1% after U.S. Fed raises interest rates](https://feedsoft.ai/events/39490-oil-prices-slide-1-after-u-s-fed-raises-interest-rates.md) | -6.9% | -1.7% |
| WTI | 2020-09-25 | [Oil prices down for the week on new coronavirus concerns](https://feedsoft.ai/events/51290-oil-prices-down-for-the-week-on-new-coronavirus-concerns.md) | -4.0% | +0.9% |

## Sources

- sundayworld.co.za: https://sundayworld.co.za/business/oil-prices-slide-for-second-week-raising-hopes-of-fuel-price-cut/

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