# Brent and WTI Head for Second Weekly Decline as OPEC Output Recovers and Gulf Shipping Risks Persist

> Brent and WTI crude futures were heading for a second consecutive weekly decline on Friday, with Brent near $95.71 and WTI near $88.38 per barrel. Investors weighed rising OPEC output and continued threats to shipping in the Persian Gulf. Trump said Washington no longer needed a diplomatic deal with Iran, citing control of the Strait of Hormuz.

- Date: 2026-11-13 · published 2026-11-13T21:09:57.835Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/98453-brent-and-wti-head-for-second-weekly-decline-as-opec-output-recovers-and-gulf
- 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), [Ethanol](https://feedsoft.ai/c/ETHANOL.md)

## Why it matters

Crude prices feed directly into diesel, ethanol and fertilizer costs for feed producers and into biofuel demand for soybean oil and corn. Falling crude weakens the energy-linked support under vegetable oils and ethanol, while renewed Hormuz risk could reverse that.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-05-05 | [Oil Prices Tumble Over 3% as Risk Sentiment Shifts and Demand Concerns Weigh on WTI and Brent](https://feedsoft.ai/events/9585-oil-prices-tumble-over-3-as-risk-sentiment-shifts-and-demand-concerns-weigh-on.md) | -9.6% | -16.4% |
| BRENT | 2022-06-02 | [OPEC+ brings forward oil output rises as Biden's Saudi visit looms \| Reuters](https://feedsoft.ai/events/40834-opec-brings-forward-oil-output-rises-as-biden-s-saudi-visit-looms-reuters.md) | +6.0% | -0.6% |
| BRENT | 2022-03-11 | [Oil settles up but posts biggest weekly decline since Nov \| Reuters](https://feedsoft.ai/events/5783-oil-settles-up-but-posts-biggest-weekly-decline-since-nov-reuters.md) | -1.7% | -10.5% |
| BRENT | 2018-09-21 | [Exclusive - OPEC and allies consider oil output boost as Iranian supply falls: source \| Reuters](https://feedsoft.ai/events/62930-exclusive-opec-and-allies-consider-oil-output-boost-as-iranian-supply-falls.md) | +3.5% | +1.2% |
| BRENT | 2026-04-10 | [Dollar set for weekly drop ahead of US-Iran peace talks](https://feedsoft.ai/events/11159-dollar-set-for-weekly-drop-ahead-of-us-iran-peace-talks.md) | +0.8% | -5.5% |
| WTI | 2026-05-05 | [Oil Prices Tumble Over 3% as Risk Sentiment Shifts and Demand Concerns Weigh on WTI and Brent](https://feedsoft.ai/events/9585-oil-prices-tumble-over-3-as-risk-sentiment-shifts-and-demand-concerns-weigh-on.md) | -7.6% | -11.4% |
| WTI | 2022-06-02 | [OPEC+ brings forward oil output rises as Biden's Saudi visit looms \| Reuters](https://feedsoft.ai/events/40834-opec-brings-forward-oil-output-rises-as-biden-s-saudi-visit-looms-reuters.md) | +5.8% | -7.1% |
| WTI | 2022-03-11 | [Oil settles up but posts biggest weekly decline since Nov \| Reuters](https://feedsoft.ai/events/5783-oil-settles-up-but-posts-biggest-weekly-decline-since-nov-reuters.md) | -2.8% | -9.4% |

## Sources

- uk.advfn.com: https://uk.advfn.com/market-news/article/26197/brent-and-wti-head-for-second-weekly-decline-as-opec-output-recovers-and-gulf-shipping-risks-persist

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