NewsSignalsAI analysis·Dow Jones Newswires·Nov 13, 2026

Oil Futures Extend Gains in Early U.S. Trading — Market Talk

Grade Abearish AI signal$WTI$BRENT

Oil futures extend gains for a third consecutive session, with WTI rising 0.8% to $89.41 and Brent gaining 1.2% to $96.94 per barrel, although both remain on track for weekly losses. The IEA expects global oil supply to return to a surplus in Q4, forecasting a 6.6 million barrels-per-day supply recovery in 2027 against a projected 2 million barrels-per-day demand increase. Rising geopolitical uncertainty could support near-term oil prices, but the anticipated supply surplus may pressure crude markets over the longer term.

Bullish strength: 40/100

WTI gained 0.8% and Brent advanced 1.2% in early U.S. trading.
Crude futures extended gains for a third consecutive session.
Lack of progress toward a Middle East conflict settlement is raising supply concerns.

Bearish strength: 60/100

Crude futures remain on track for weekly losses.
The IEA expects global oil supply to return to a surplus in Q4.
The IEA forecasts supply to recover by 6.6 million barrels per day in 2027, exceeding its projected 2 million barrels-per-day demand increase.

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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