# Oil Posts Second Weekly Decline on Prospects of Greater Global Supply

> Brent closed at $95.84 a barrel and WTI at $88.56 on Friday, with the Mexican export blend at $82.68. Oil fell about 2% over the week, following steep losses the previous week, as signs of a growing global surplus and the US blockade of Iran eased fears of renewed hostilities.

- Date: 2026-11-14 · published 2026-11-14T21:10:12.022Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/99952-oil-posts-second-weekly-decline-on-prospects-of-greater-global-supply
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Signs of a growing global surplus put downward pressure on energy costs, which lowers diesel and freight expenses for feed producers. Weaker crude also reduces support for vegetable oil and biofuel-linked prices.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- jornada.com.mx: https://www.jornada.com.mx/noticia/2026/11/13/economia/petroleo-acumula-segunda-caida-semanal-ante-perspectivas-de-mayor-oferta-mundial

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