# Oil market positioning risks: surplus, shipping attacks, and spillover into rates and equities

> Brent crude traded near $96 on November 13, 2026, in a range of $95.07 to $97.13, down 2.38% on the week. The IEA expects a market surplus this quarter for the first time since the war began and flagged weaker consumption, while US crude and product inventories rose and refinery runs hit a seasonal record. Shipping attacks and a tougher US tone on Iran add a risk premium.

- Date: 2026-11-13 · published 2026-11-14T00:09:34.610Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/98568-oil-market-positioning-risks-surplus-shipping-attacks-and-spillover-into-rates
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A forecast surplus and softer demand pull crude lower, while shipping risk limits the downside. Lower crude and diesel costs reduce the cost of fuel and fertilizer inputs for feed producers.

## Read by commodity

- BRENT: neutral

## Sources

- investing.com: https://www.investing.com/news/stock-market-news/oil-market-positioning-risks-surplus-shipping-attacks-and-spillover-into-rates-and-equities-93CH-5026424

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