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Brent settled at US$95.84 and WTI at US$88.56 on Friday, November 13, both on track for a second straight weekly decline of about 2.5%. An IEA report pointed to a growing global oil surplus and weaker US demand, with rising US crude and fuel inventories.
A shift from shortage fears to surplus expectations removes the geopolitical premium from crude, which pressures soybean oil, biofuel economics and other energy-linked feed costs.
nationthailand.comNov 14, 2026After 338 past bearish macro events, Crude Oil (Brent) moved a median -2.2% over 5 sessions (36% higher; middle half -5.2% to +1.9%), and -1.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
