# Oil Markets Survive Tanker Attacks as Supply Remains Strong

> Saudi Arabia said it pumped 10.5 million barrels a day in October, a level reached only once since 2022, and Iraq and Kuwait also reported large increases. The UAE is now free of OPEC quotas and can pump as much as it wants. Futures fell almost 25% for the month despite repeated tanker attacks near the Strait of Hormuz.

- Date: 2026-11-15 · published 2026-11-15T18:11:06.705Z
- Category: macro · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/101517-oil-markets-survive-tanker-attacks-as-supply-remains-strong
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Ample crude supply and falling physical prices reduce energy costs for feed producers, including diesel, fertilizer and freight inputs. The recovery remains fragile, so erratic Hormuz flows could reverse the price decline quickly.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-11-09 | [European markets rebound as lower oil prices support market sentiment](https://feedsoft.ai/events/89331-european-markets-rebound-as-lower-oil-prices-support-market-sentiment.md) | -4.1% | — |
| BRENT | 2022-01-24 | [Oil falls 2% as Fed rate hike talk spooks risk markets](https://feedsoft.ai/events/43049-oil-falls-2-as-fed-rate-hike-talk-spooks-risk-markets.md) | +2.2% | +6.8% |
| BRENT | 2025-10-20 | [Brent oil structure, physical markets reflect fears of supply glut \| Reuters](https://feedsoft.ai/events/22585-brent-oil-structure-physical-markets-reflect-fears-of-supply-glut-reuters.md) | +7.5% | +4.3% |
| BRENT | 2020-10-28 | [Oil Falls As Rise In US Crude Stocks Fans Over-Supply Fears](https://feedsoft.ai/events/50802-oil-falls-as-rise-in-us-crude-stocks-fans-over-supply-fears.md) | -3.8% | +16.8% |
| BRENT | 2020-01-27 | [Stocks and Oil Drop, Gold Rises As Wuhan Coronavirus Spreads - Markets Insider](https://feedsoft.ai/events/4514-stocks-and-oil-drop-gold-rises-as-wuhan-coronavirus-spreads-markets-insider.md) | -3.4% | -2.4% |
| WTI | 2022-01-24 | [Oil falls 2% as Fed rate hike talk spooks risk markets](https://feedsoft.ai/events/43049-oil-falls-2-as-fed-rate-hike-talk-spooks-risk-markets.md) | +2.6% | +7.1% |
| WTI | 2025-10-20 | [Brent oil structure, physical markets reflect fears of supply glut \| Reuters](https://feedsoft.ai/events/22585-brent-oil-structure-physical-markets-reflect-fears-of-supply-glut-reuters.md) | +6.8% | +4.4% |
| WTI | 2021-05-20 | [Stocks struggle as taper talk, crypto crash put markets on edge \| Reuters](https://feedsoft.ai/events/47008-stocks-struggle-as-taper-talk-crypto-crash-put-markets-on-edge-reuters.md) | +4.8% | +12.2% |

## Sources

- energy.economictimes.indiatimes.com: https://energy.economictimes.indiatimes.com/news/oil-and-gas/oil-markets-stay-flush-despite-tanker-attacks/135848929

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