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WTI settled at $88.56 and Brent at $95.84 on November 13, with both benchmarks posting a second consecutive weekly decline. The IEA warned of a growing global oil surplus as Middle Eastern exports recover and US inventories rise.
A growing global oil surplus lowers energy input costs for feed producers and weakens the biofuel margin support for soybean oil and corn, which can pressure related feed and oil prices.
energynow.comNov 14, 2026Not enough comparable past events yet for a historical read.
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.
