Oil heads for second weekly decline on OPEC output recovery and Gulf risks

FinanceInternationalRevista ADVFNNov 13, 2026, 5:06 AMAI summary

Oil prices fell on Friday and Brent and WTI were heading for a second consecutive weekly loss. At 04:36 GMT, Brent was down 0.1% at $95.71 a barrel and WTI fell 0.4% to $88.38. OPEC raised output by 1.96 million barrels per day in October to 27.16 million, with Saudi Arabia rising from 8.37 to 10.56 million. Risks persist over the Strait of Hormuz and Trump's remarks on Iran.

In 35 seconds

Brent was down 0.1% at $95.71 and WTI 0.4% at $88.38, heading for a second weekly decline
OPEC production rose 1.96 million barrels per day in October to 27.16 million per day
Saudi Arabia raised output from 8.37 to 10.56 million barrels per day between September and October

Read the full story at Revista ADVFN

IASummary generated by artificial intelligence from a story by Revista ADVFN. It may contain errors: the original source prevails.

petróleo
OPEP
Brent
WTI
estrecho de Ormuz

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Oil heads for second weekly decline on OPEC output recovery and Gulf risks

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Keep reading

Goldman Sachs expects copper to reach $15,600 per tonne in December 2027

Gold recovers above $3,900 but ends the week down 3.5%

Acciona shares slump nearly 7% after its energy unit misses 2026 asset rotation target

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