# Oil Mixed as IEA Forecasts Return to Supply Glut - WTI Down 0.20%

> New York oil closed mixed on November 13, with WTI down 0.20% and Brent up 0.02%. The IEA forecast about 2 million bpd of oversupply in the fourth quarter, a reversal from its prior shortage forecast.

- Date: 2026-11-13 · published 2026-11-14T03:09:09.997Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/98895-oil-mixed-as-iea-forecasts-return-to-supply-glut-wti-down-0-20
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A revised oversupply outlook reduces the energy-price premium that had raised fuel and fertilizer costs, modestly easing input costs for feed producers.

## Read by commodity

- WTI: bearish ▼
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-11-09 | [Oil News: Peace Hopes and Supply-Glut Talk Pressure WTI and Brent](https://feedsoft.ai/events/89856-oil-news-peace-hopes-and-supply-glut-talk-pressure-wti-and-brent.md) | -4.1% | — |
| 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% |
| WTI | 2020-05-15 | [Feed millers in US to return to soy diets](https://feedsoft.ai/events/53225-feed-millers-in-us-to-return-to-soy-diets.md) | +24.5% | +32.0% |
| WTI | 2025-10-20 | [Brent oil structure, physical markets reflect fears of supply glut \| Reuters](https://feedsoft.ai/events/22585-brent-oil-structure-physical-markets-reflect-fears-of-supply-glut-reuters.md) | +6.8% | +4.4% |
| WTI | 2020-03-29 | [OIL FUTURES: WTI tests $20/b as pandemic-weakened demand outlooks dim](https://feedsoft.ai/events/9204-oil-futures-wti-tests-20-b-as-pandemic-weakened-demand-outlooks-dim.md) | +64.1% | -28.3% |
| BRENT | 2019-03-18 | [Oil on the horns of a dilemma as slowdown, supply cuts play out, ETAuto](https://feedsoft.ai/events/60285-oil-on-the-horns-of-a-dilemma-as-slowdown-supply-cuts-play-out-etauto.md) | +0.0% | +7.4% |
| BRENT | 2019-12-30 | [Oil price rise muted in 2019 despite sanctions, supply cuts, attack in Saudi Arabia](https://feedsoft.ai/events/55730-oil-price-rise-muted-in-2019-despite-sanctions-supply-cuts-attack-in-saudi.md) | +1.5% | -14.0% |
| BRENT | 2020-09-30 | [Europe's Oil Refineries Struggling to Cope With Diesel Glut \| Financial Post](https://feedsoft.ai/events/51273-europe-s-oil-refineries-struggling-to-cope-with-diesel-glut-financial-post.md) | +3.1% | -0.6% |

## Sources

- en.infomaxai.com: https://en.infomaxai.com/news/articleView.html?idxno=148555

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