NewsSignalsAI analysis·Reuters·Nov 13, 2026

Grades steady as global oil markets set to return to surplus

Grade Abearish AI signal$WTI$BRENT

Global oil markets are expected to shift into a significant supply surplus in Q4, with the IEA forecasting production to exceed demand by 1.7 million barrels per day. The IEA reversed its previous deficit forecast, projecting average supply of 105 million barrels per day, while Brent settled at $95.84 and WTI at $88.56 per barrel. The projected surplus could increase downward pressure on crude prices as markets approach the fourth quarter.

Bullish strength: 25/100

Brent futures rose 2 cents to $95.84 per barrel.
WTI supply disruptions and alternative Iraqi export routes remain relevant to market flows.

Bearish strength: 75/100

IEA forecasts Q4 oil supply exceeding demand by 1.7 million barrels per day.
Projected average Q4 supply of 105 million barrels per day.
IEA reversed its previous forecast of a fourth-quarter supply deficit.

This is automated NewsSignalsAI analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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