# WTI Crude Oil and Gasoline Prices Fall as Strong Dollar and IEA Surplus Forecast Offset Middle East Supply Risks

> December WTI settled 0.18 lower, down 0.20%, and December RBOB gasoline fell 1.85% on Friday. The US dollar index hit a 1.5-year high, and the IEA cut its 2026 global oil demand forecast by 90,000 bpd while projecting a 2 million bpd surplus this quarter.

- Date: 2026-11-14 · published 2026-11-14T09:09:06.723Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/99260-wti-crude-oil-and-gasoline-prices-fall-as-strong-dollar-and-iea-surplus
- 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 an expected oil surplus both weigh on dollar-denominated energy and feed-input costs, though continuing US-Iran supply risk limits the downside.

## Read by commodity

- DXY: bullish ▲
- WTI: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2018-02-02 | [Oil prices fall as US stock market slumps and dollar strengthens](https://feedsoft.ai/events/66659-oil-prices-fall-as-us-stock-market-slumps-and-dollar-strengthens.md) | -7.0% | -7.1% |
| WTI | 2026-11-09 | [Rupee Stages A Strong Comeback Against The US Dollar, Jumps 24 Paise To 93.74 As Crude Slips Below $100 And Middle East Peace Hopes Rise](https://feedsoft.ai/events/88826-rupee-stages-a-strong-comeback-against-the-us-dollar-jumps-24-paise-to-93-74-as.md) | -4.1% | — |
| WTI | 2020-10-28 | [Oil Falls As Rise In US Crude Stocks Fans Over-Supply Fears](https://feedsoft.ai/events/50802-oil-falls-as-rise-in-us-crude-stocks-fans-over-supply-fears.md) | -4.8% | +13.6% |
| 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% |
| 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 | 2018-02-02 | [Oil prices fall as US stock market slumps and dollar strengthens](https://feedsoft.ai/events/66659-oil-prices-fall-as-us-stock-market-slumps-and-dollar-strengthens.md) | +1.7% | +1.8% |
| DXY | 2022-10-31 | [Canadian dollar slips to six-day low as oil prices fall - The Globe and Mail](https://feedsoft.ai/events/39347-canadian-dollar-slips-to-six-day-low-as-oil-prices-fall-the-globe-and-mail.md) | -0.1% | -2.8% |

## Sources

- todaymarkets.ae: https://todaymarkets.ae/wti-crude-oil-and-gasoline-prices-fall-as-strong-dollar-and-iea-surplus-forecast-offset-middle-east-supply-risks/

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