# Oil Prices Fall 32% From Peak As Supply Recovers Despite Iran War

> An IEA report showed Dated Brent has fallen 32% from an early October peak of $136 to about $93 a barrel. Global oil output rose 2.3 million barrels per day in October to 105.4 million, pushing supply above demand for the first time since the Iran war began.

- Date: 2026-11-13 · published 2026-11-13T15:10:04.491Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/97979-oil-prices-fall-32-from-peak-as-supply-recovers-despite-iran-war
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Recovering Gulf exports and rising output ease the energy supply squeeze, lowering diesel and fertilizer cost pressure on feed production. Bearish crude pressures soybean oil and biofuel-linked feedstock values.

## Read by commodity

- SBO: bearish ▼
- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-07-20 | [Why oil prices haven't gone crazy despite 5 months of US-Iran war \| Reuters](https://feedsoft.ai/events/9930-why-oil-prices-haven-t-gone-crazy-despite-5-months-of-us-iran-war-reuters.md) | +13.9% | +4.3% |
| 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 | 2017-07-21 | [Oil prices sink on a report OPEC supply will rise in July](https://feedsoft.ai/events/70144-oil-prices-sink-on-a-report-opec-supply-will-rise-in-july.md) | +4.4% | +3.6% |
| BRENT | 2022-07-01 | [Oil prices fall due to recession worries](https://feedsoft.ai/events/40409-oil-prices-fall-due-to-recession-worries.md) | -7.1% | -7.6% |
| 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 | 2026-07-20 | [Why oil prices haven't gone crazy despite 5 months of US-Iran war \| Reuters](https://feedsoft.ai/events/9930-why-oil-prices-haven-t-gone-crazy-despite-5-months-of-us-iran-war-reuters.md) | +9.4% | +0.4% |
| WTI | 2021-12-15 | [Canadian dollar at nearly 3-month low as oil prices fall \| Reuters](https://feedsoft.ai/events/43853-canadian-dollar-at-nearly-3-month-low-as-oil-prices-fall-reuters.md) | +0.7% | +16.9% |
| WTI | 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) | -6.5% | -9.1% |

## Sources

- finance.yahoo.com: https://finance.yahoo.com/energy/articles/oil-prices-fall-32-peak-114013777.html

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