NewsSignalsAI analysis·Dow Jones Newswires·Nov 13, 2026

Oil Futures End Week Lower — Market Talk

Grade Bbearish AI signal$WTI$BRENT

Oil futures posted a second consecutive weekly decline, with improving global supply expectations adding pressure despite ongoing Middle East tensions. The IEA estimates a global oil surplus in the fourth quarter, while U.S. crude inventories unexpectedly increased by 4.7 million barrels; WTI settled at $88.56 and Brent at $95.84 per barrel. Further supply growth and bearish inventory data could pressure crude prices, although renewed U.S. military action could reverse the outlook.

Bullish strength: 20/100

Continuing Middle East conflict creates uncertainty around potential supply disruptions.
Potential renewed U.S. military action could reverse the bearish oil outlook.

Bearish strength: 80/100

IEA projects a global oil surplus in the fourth quarter.
U.S. commercial crude inventories unexpectedly increased by 4.7 million barrels.
Brent and WTI recorded a second consecutive weekly decline.
Ritterbusch & Associates expects lower crude prices based on supply and inventory developments.

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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Grades steady as global oil markets set to return to surplus

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.

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