# Oil Prices Fall for Second Straight Week as Global Supply Surplus Emerges - WTI Closes at $88.56, Brent at $95.84

> 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.

- Date: 2026-11-14 · published 2026-11-14T12:08:53.093Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/99330-oil-prices-fall-for-second-straight-week-as-global-supply-surplus-emerges-wti
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Ethanol](https://feedsoft.ai/c/ETHANOL.md)

## Why it matters

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.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼
- ETHANOL: bearish ▼

## Sources

- energynow.com: https://energynow.com/2026/11/oil-prices-fall-for-second-straight-week-as-global-supply-surplus-emerges-wti-closes-at-88-56-brent-at-95-84/

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