# Oil Prices Mixed Amid Surplus Fears, Geopolitical Tensions

> Oil prices were mixed on Friday, with Brent up 2 cents to $95.84 and WTI down 18 cents to $88.56, both on track for weekly declines above 2%. The IEA reported a growing global supply surplus, with Gulf oil exports recovering to 74% of pre-war levels and observed inventories rising in October for the first time since June.

- Date: 2026-11-14 · published 2026-11-14T18:09:26.433Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/99715-oil-prices-mixed-amid-surplus-fears-geopolitical-tensions
- 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 to surplus signals softer crude prices ahead, which lowers diesel and fertilizer costs and reduces the energy-driven support for vegetable oils and biofuel feedstocks.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2025-06-17 | [Real strengthens amid commodity bets, easing geopolitical fears](https://feedsoft.ai/events/24425-real-strengthens-amid-commodity-bets-easing-geopolitical-fears.md) | -1.7% | -5.5% |
| BRENT | 2022-08-04 | [Oil prices hit lowest since Ukraine invasion amid recession fears \| Reuters](https://feedsoft.ai/events/12795-oil-prices-hit-lowest-since-ukraine-invasion-amid-recession-fears-reuters.md) | +1.9% | -2.8% |
| BRENT | 2020-03-09 | [Ringgit to endure volatility amid lower oil prices, increased virus fears](https://feedsoft.ai/events/54382-ringgit-to-endure-volatility-amid-lower-oil-prices-increased-virus-fears.md) | -27.3% | -36.6% |
| BRENT | 2022-06-14 | [Oil prices settle down on fears of Fed and oil profit tax](https://feedsoft.ai/events/41135-oil-prices-settle-down-on-fears-of-fed-and-oil-profit-tax.md) | -7.7% | -11.5% |
| BRENT | 2025-04-04 | [Oil falls to near 4-year low amid recession fears, OPEC+ production hikes](https://feedsoft.ai/events/7295-oil-falls-to-near-4-year-low-amid-recession-fears-opec-production-hikes.md) | -9.8% | -13.9% |
| WTI | 2022-08-04 | [Oil prices hit lowest since Ukraine invasion amid recession fears \| Reuters](https://feedsoft.ai/events/12795-oil-prices-hit-lowest-since-ukraine-invasion-amid-recession-fears-reuters.md) | +1.5% | -2.7% |
| WTI | 2022-06-14 | [Oil prices settle down on fears of Fed and oil profit tax](https://feedsoft.ai/events/41135-oil-prices-settle-down-on-fears-of-fed-and-oil-profit-tax.md) | -8.6% | -19.2% |
| WTI | 2025-04-04 | [Oil falls to near 4-year low amid recession fears, OPEC+ production hikes](https://feedsoft.ai/events/7295-oil-falls-to-near-4-year-low-amid-recession-fears-opec-production-hikes.md) | -10.2% | -12.0% |

## Sources

- businesspost.ng: https://businesspost.ng/economy/oil-prices-mixed-amid-surplus-fears-geopolitical-tensions/

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