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NYMEX Overview: Oil Eases as IEA Sees Surplus in Q4, 2027 — OPIS

Provided by Dow Jones

Crude and refined product futures fell slightly around midday Friday, after the International Energy Agency projected that global oil supply will swing sharply to a surplus in the fourth quarter, followed by a more substantial inventory build in 2027.

At 12:15 p.m. ET, December NYMEX West Texas Intermediate was down 25cts to $88.50/bbl, and January WTI was also 45cts lower at $87.20/bbl.

London-based ICE January Brent was down 15cts to $95.70/bbl, and February Brent was 45cts lower to $93.10/bbl.

December RBOB was down around 4cts to $2.6310/gal, and January RBOB was 3.65cts lower to $2.5965/gal. December ULSD was down 2.45cts to $4.2615/gal, and January ULSD was 2.25cts lower to $4.1660/gal.

The IEA said in its monthly report that global oil markets are showing early

signs of rebalancing after months of wartime supply shocks, as rebounding Middle East crude production outpaces a sluggish recovery in world fuel demand.

This content was created by Oil Price Information Service, which is operated by Dow Jones & Co. OPIS is run independently from Dow Jones Newswires and The Wall Street Journal.

By Frank Tang

(c) 2026 Oil Price Information Service, LLC. All rights reserved.

(END) Dow Jones Newswires

November 13, 2026 12:50 ET (17:50 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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