# Oil Price Forecast: WTI ($89.54) $97 and Brent ($96.99) $104.25 Upside Targets on Saudi Supply Risk

> WTI rose 0.90% to $89.54 and Brent rose 1.22% to $96.99 on Friday after attacks on Saudi energy infrastructure on Thursday. The IEA reported the first global supply surplus since the Iran war began, while US crude stocks rose 4.7 million barrels, above the forecast draw.

- Date: 2026-11-13 · published 2026-11-13T18:10:00.779Z
- Category: geopolitics · region Global · magnitude low
- Page: https://feedsoft.ai/events/98111-oil-price-forecast-wti-89-54-97-and-brent-96-99-104-25-upside-targets-on-saudi
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Attacks on Saudi energy sites support crude prices, which feed into diesel, fertilizer and freight costs for feed buyers. The IEA surplus and bearish US inventory data cap the rally.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2019-09-19 | [Oil prices rise as Saudi supply risks come into focus](https://feedsoft.ai/events/57239-oil-prices-rise-as-saudi-supply-risks-come-into-focus.md) | -3.0% | -8.2% |
| WTI | 2024-10-03 | [Crude oil prices today: WTI rises as Biden comments on Middle East risk](https://feedsoft.ai/events/10027-crude-oil-prices-today-wti-rises-as-biden-comments-on-middle-east-risk.md) | +4.4% | -2.4% |
| WTI | 2019-09-16 | [Oil surges as Saudi attack focuses market on supply risks](https://feedsoft.ai/events/5707-oil-surges-as-saudi-attack-focuses-market-on-supply-risks.md) | +5.8% | -0.1% |
| WTI | 2019-05-27 | [Oil up more than 1% on Mideast tensions and supply cuts](https://feedsoft.ai/events/59236-oil-up-more-than-1-on-mideast-tensions-and-supply-cuts.md) | -8.5% | -1.9% |
| WTI | 2024-04-12 | [Crude oil prices today: WTI, Brent rise as Israel braces for Iran attack](https://feedsoft.ai/events/30930-crude-oil-prices-today-wti-brent-rise-as-israel-braces-for-iran-attack.md) | -2.7% | -6.1% |
| BRENT | 2019-09-19 | [Oil prices rise as Saudi supply risks come into focus](https://feedsoft.ai/events/57239-oil-prices-rise-as-saudi-supply-risks-come-into-focus.md) | -2.4% | -7.2% |
| BRENT | 2024-10-03 | [Crude oil prices today: WTI rises as Biden comments on Middle East risk](https://feedsoft.ai/events/10027-crude-oil-prices-today-wti-rises-as-biden-comments-on-middle-east-risk.md) | +3.3% | -2.0% |
| BRENT | 2019-09-16 | [Oil surges as Saudi attack focuses market on supply risks](https://feedsoft.ai/events/5707-oil-surges-as-saudi-attack-focuses-market-on-supply-risks.md) | +6.6% | -0.3% |

## Sources

- tradingnews.com: https://www.tradingnews.com/news/wti-holds-89-usd-brent-96-usd-as-iea-sees-surplus-97-usd-and-104-usd-upsoide-target

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