# Oil prices fall on easing supply concerns, weaker demand outlook

> Brent January futures traded near $95.85 and WTI December near $88.28, both down about 2.5% to 2.8% on the week. The IEA reported global oil supply rose 2.3 million barrels per day in October, and it forecast a 2.7 million barrel per day decline in 2026 demand.

- Date: 2026-11-13 · published 2026-11-13T15:09:59.529Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/97977-oil-prices-fall-on-easing-supply-concerns-weaker-demand-outlook
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A weaker IEA demand outlook and rising Gulf exports add bearish pressure, though Strait of Hormuz risk still supports prices. Lower crude reduces diesel and freight costs over time for feed supply chains.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2024-10-15 | [Oil plunges 4% as Iran supply disruption concerns ease, demand outlook weakens](https://feedsoft.ai/events/28029-oil-plunges-4-as-iran-supply-disruption-concerns-ease-demand-outlook-weakens.md) | -5.4% | -7.6% |
| BRENT | 2023-12-12 | [Oil falls more than 3% on softening demand, oversupply concerns \| Reuters](https://feedsoft.ai/events/32904-oil-falls-more-than-3-on-softening-demand-oversupply-concerns-reuters.md) | +3.3% | +2.3% |
| BRENT | 2021-08-31 | [Oil Prices Tumble On Demand Concerns Ahead Of OPEC+ Meeting](https://feedsoft.ai/events/45724-oil-prices-tumble-on-demand-concerns-ahead-of-opec-meeting.md) | -0.4% | +8.7% |
| BRENT | 2022-08-01 | [Oil sinks about 4% after weak factory data sparks demand concerns](https://feedsoft.ai/events/12799-oil-sinks-about-4-after-weak-factory-data-sparks-demand-concerns.md) | -11.9% | -8.8% |
| BRENT | 2018-10-30 | [Oil prices fall as economic outlook deteriorates: Kemp](https://feedsoft.ai/events/9159-oil-prices-fall-as-economic-outlook-deteriorates-kemp.md) | -5.8% | -22.4% |
| WTI | 2024-10-15 | [Oil plunges 4% as Iran supply disruption concerns ease, demand outlook weakens](https://feedsoft.ai/events/28029-oil-plunges-4-as-iran-supply-disruption-concerns-ease-demand-outlook-weakens.md) | -5.8% | -7.4% |
| WTI | 2023-12-12 | [Oil falls more than 3% on softening demand, oversupply concerns \| Reuters](https://feedsoft.ai/events/32904-oil-falls-more-than-3-on-softening-demand-oversupply-concerns-reuters.md) | +1.7% | +0.6% |
| WTI | 2021-08-31 | [Oil Prices Tumble On Demand Concerns Ahead Of OPEC+ Meeting](https://feedsoft.ai/events/45724-oil-prices-tumble-on-demand-concerns-ahead-of-opec-meeting.md) | -1.2% | +8.9% |

## Sources

- aa.com.tr: https://www.aa.com.tr/en/energy/oil/oil-prices-fall-on-easing-supply-concerns-weaker-demand-outlook/60996

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