# Brent and WTI set for losses of about 2.5% in week to Nov 13 as surplus concerns grow

> 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.

- Date: 2026-11-14 · published 2026-11-14T09:09:06.658Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/99259-brent-and-wti-set-for-losses-of-about-2-5-in-week-to-nov-13-as-surplus-concerns
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

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.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2021-03-19 | [Oil battered in ugly week as demand concerns, dollar spur slump](https://feedsoft.ai/events/7045-oil-battered-in-ugly-week-as-demand-concerns-dollar-spur-slump.md) | -1.8% | +5.9% |
| BRENT | 2025-11-28 | [OPEC+ confirms plan to pause production hikes in early 2026 amid surplus concerns](https://feedsoft.ai/events/21874-opec-confirms-plan-to-pause-production-hikes-in-early-2026-amid-surplus-concerns.md) | +0.1% | -2.4% |
| BRENT | 2020-09-25 | [Oil prices down for the week on new coronavirus concerns](https://feedsoft.ai/events/51290-oil-prices-down-for-the-week-on-new-coronavirus-concerns.md) | -3.0% | +0.7% |
| BRENT | 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% | — |
| BRENT | 2024-10-13 | [Oil falls 2% as OPEC cuts oil demand growth view, China concerns](https://feedsoft.ai/events/28026-oil-falls-2-as-opec-cuts-oil-demand-growth-view-china-concerns.md) | -8.5% | -7.2% |
| WTI | 2021-03-19 | [Oil battered in ugly week as demand concerns, dollar spur slump](https://feedsoft.ai/events/7045-oil-battered-in-ugly-week-as-demand-concerns-dollar-spur-slump.md) | -2.4% | +5.3% |
| WTI | 2025-11-28 | [OPEC+ confirms plan to pause production hikes in early 2026 amid surplus concerns](https://feedsoft.ai/events/21874-opec-confirms-plan-to-pause-production-hikes-in-early-2026-amid-surplus-concerns.md) | +1.7% | -3.6% |
| WTI | 2020-09-25 | [Oil prices down for the week on new coronavirus concerns](https://feedsoft.ai/events/51290-oil-prices-down-for-the-week-on-new-coronavirus-concerns.md) | -4.0% | +0.9% |

## Sources

- nationthailand.com: https://www.nationthailand.com/news/world/40073488

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