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The International Energy Agency said the world oil market will return to surplus in the fourth quarter of 2026, with supply averaging 105 million bpd, 1.7 million bpd above forecast demand. It also detailed 71 million barrels of remaining emergency reserve releases, including 15 million barrels of diesel.
Brent was last down 0.1% at $95.71 a barrel after the report.
A return to surplus as Gulf exports recover eases the tight supply that has supported crude and diesel prices since the Iran war began, pointing to lower energy input costs for feed producers and processors.
investing.comNov 13, 2026After 129 past bearish report events, Crude Oil (Brent) moved a median -1.3% over 5 sessions (45% higher; middle half -3.9% to +2.5%), and +0.4% over 20.
After 171 past bearish report events, Crude Oil (WTI) moved a median -1.5% over 5 sessions (37% higher; middle half -4.8% to +1.9%), and -0.9% over 20.
After 86 past bearish report events, ULSD / Diesel moved a median -0.9% over 5 sessions (37% higher; middle half -4.3% to +0.9%), and +0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
