# Crude Prices Weaken on Dollar Strength and Global Surplus Prospects

> December WTI closed down 0.20% on November 13 as the dollar index climbed to a 1.5-year high. The IEA projected a global crude surplus this quarter and cut its 2026 demand forecast by 90,000 bpd.

- Date: 2026-11-13 · published 2026-11-14T03:09:10.084Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/98896-crude-prices-weaken-on-dollar-strength-and-global-surplus-prospects
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar and surplus outlook pressure crude and make dollar-priced commodities pricier for importers, while a firmer dollar can weigh on US export competitiveness.

## Read by commodity

- DXY: bullish ▲
- WTI: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-11-09 | [Dollar Falls on Stock Strength and Crude Oil Weakness](https://feedsoft.ai/events/90203-dollar-falls-on-stock-strength-and-crude-oil-weakness.md) | -4.1% | — |
| WTI | 2026-08-28 | [Dollar Strength and Increased Middle East Oil Flows Weigh on Crude Prices](https://feedsoft.ai/events/18056-dollar-strength-and-increased-middle-east-oil-flows-weigh-on-crude-prices.md) | +9.2% | +13.1% |
| WTI | 2024-07-30 | [Crude Prices Retreat on the Prospects of Weaker Chinese Energy Demand](https://feedsoft.ai/events/29445-crude-prices-retreat-on-the-prospects-of-weaker-chinese-energy-demand.md) | -3.7% | +1.7% |
| WTI | 2023-11-07 | [Canadian dollar weakens despite wider trade surplus - The Globe and Mail](https://feedsoft.ai/events/33410-canadian-dollar-weakens-despite-wider-trade-surplus-the-globe-and-mail.md) | -3.2% | -11.3% |
| WTI | 2023-02-15 | [Canadian dollar weakens as U.S. data boosts Fed rate hike prospects - The Globe and Mail](https://feedsoft.ai/events/37578-canadian-dollar-weakens-as-u-s-data-boosts-fed-rate-hike-prospects-the-globe.md) | -6.5% | -14.7% |
| DXY | 2026-08-28 | [Dollar Strength and Increased Middle East Oil Flows Weigh on Crude Prices](https://feedsoft.ai/events/18056-dollar-strength-and-increased-middle-east-oil-flows-weigh-on-crude-prices.md) | -0.2% | +1.7% |
| DXY | 2026-05-13 | [Peruvian sol resisted global U.S. dollar strength amid copper price surge \| News \| ANDINA - Peru News Agency](https://feedsoft.ai/events/19544-peruvian-sol-resisted-global-u-s-dollar-strength-amid-copper-price-surge-news.md) | +0.8% | +1.2% |
| DXY | 2023-02-15 | [Canadian dollar weakens as U.S. data boosts Fed rate hike prospects - The Globe and Mail](https://feedsoft.ai/events/37578-canadian-dollar-weakens-as-u-s-data-boosts-fed-rate-hike-prospects-the-globe.md) | +0.8% | +1.8% |

## Sources

- finance.yahoo.com: https://finance.yahoo.com/energy/articles/crude-prices-weaken-dollar-strength-201532136.html

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