# Oil Prices Fall For Second Week As Gulf Exports Recover

> Oil headed for a second weekly loss after the IEA said global supply overtook demand for the first time since the Iran conflict began. Gulf exports recovered faster than demand, and the IEA raised its fourth-quarter supply estimates by 3.3 million bpd.

- Date: 2026-11-13 · published 2026-11-14T03:09:09.919Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/98894-oil-prices-fall-for-second-week-as-gulf-exports-recover
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Expected surplus and recovering Gulf exports point to softer crude prices, lowering diesel and energy costs that feed into freight and fertilizer, which supports feed margins.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼
- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2025-02-01 | [Oil prices settle pennies higher, down for week as Trump touts energy policy](https://feedsoft.ai/events/26664-oil-prices-settle-pennies-higher-down-for-week-as-trump-touts-energy-policy.md) | -2.9% | -3.9% |
| BRENT | 2024-10-16 | [Oil prices hold at 2-week low on lower oil demand growth forecasts](https://feedsoft.ai/events/28030-oil-prices-hold-at-2-week-low-on-lower-oil-demand-growth-forecasts.md) | +2.5% | -2.4% |
| BRENT | 2024-09-18 | [Oil prices fall as Fed rate cut stirs economic worries, storage report mixed \| Reuters](https://feedsoft.ai/events/28482-oil-prices-fall-as-fed-rate-cut-stirs-economic-worries-storage-report-mixed.md) | +1.5% | -0.2% |
| BRENT | 2021-03-25 | [Oil prices drop 4% as new lockdowns undermine hopes for economic recovery](https://feedsoft.ai/events/10318-oil-prices-drop-4-as-new-lockdowns-undermine-hopes-for-economic-recovery.md) | -0.8% | +1.8% |
| 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% |
| WTI | 2025-02-01 | [Oil prices settle pennies higher, down for week as Trump touts energy policy](https://feedsoft.ai/events/26664-oil-prices-settle-pennies-higher-down-for-week-as-trump-touts-energy-policy.md) | -2.1% | -5.8% |
| WTI | 2024-10-16 | [Oil prices hold at 2-week low on lower oil demand growth forecasts](https://feedsoft.ai/events/28030-oil-prices-hold-at-2-week-low-on-lower-oil-demand-growth-forecasts.md) | +2.2% | -3.8% |
| WTI | 2020-01-29 | [Canadian dollar nears seven-week low as oil prices fall - The Globe and Mail](https://feedsoft.ai/events/55300-canadian-dollar-nears-seven-week-low-as-oil-prices-fall-the-globe-and-mail.md) | -7.1% | -8.8% |

## Sources

- forbesmiddleeast.com: https://www.forbesmiddleeast.com/industry/energy/oil-heads-for-second-weekly-loss-as-iea-sees-market-returning-to-surplus

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