News report 🏭 Commodities 🌍 GLOBAL

WTI Crude Slips to $87.50 as US Inventories Surge by 9 Million Barrels

WTI crude oil trades near $87.50 after a surprise 9 million barrel inventory build, while Brent finds support at USD92.63 amid escalating tanker attacks in the Strait of Hormuz.

📅 November 13, 2026 🕐 1 min read

2 assets impacted (Commodities). Net bias: 1 Bullish, 1 Bearish, 0 Neutral. Strongest signal: USOIL ↓ 4/10 (65% confidence).

📊 Affected Assets (2)

USOIL

Bearish 🤖 65%

📅 Short-term 🌍 GLOBAL · Explicit

US crude stockpiles jumped 9 million barrels in the week ending November 5 versus an expected 1 million draw, a clear oversupply surprise pushing WTI to around $87.50. Geopolitical risks in the Strait of Hormuz partly offset this, keeping the tone consolidation-bound between support at $82.30 and resistance near $94.60 with RSI at 40.6 hinting at mild bearish momentum.

Catalysts

▼ EIA inventory build of 9 million barrels versus consensus for a 1 million draw (week ending November 5)
▼ Trump saying the US should no longer seek a deal with Iran, prolonging war risk

Risk Factors

▲ Attacks on Saudi energy infrastructure and Hormuz disruptions could reverse the slide by threatening supply
▲ Price holds above the 100-day SMA at $87.00, limiting the downtrend

UKOIL

Bullish 🤖 60%

📅 Short-term 🌍 GLOBAL · Explicit

Brent rose 1.2% to USD92.63 as mine incidents hit two additional tankers in the Strait of Hormuz, providing a floor to prices even amid a broader November slide of about 17%. Escalating attacks on shipping and Saudi infrastructure support Brent near term, though the oversupply picture from the US inventory build limits the upside.

Catalysts

▲ IRGC Navy claims two additional oil tankers struck mines in the Strait of Hormuz
▲ Houthi attacks on the Saudi East-West pipeline, Yanbu facility and an Aramco building in Riyadh

Risk Factors

▼ The broader November slide of approximately 17% shows strong underlying selling pressure
▼ A large US crude inventory build points to oversupply

🧭 Full analysis of these assets

🎯 Key Takeaways

US crude inventories rose by 9 million barrels for the week ending November 5, defying expectations of a 1 million barrel decline.
Brent crude gained 1.2% to USD92.63 as mine incidents in the Strait of Hormuz provided a price floor.
WTI technicals show mild bearish momentum with an RSI of 40.6 and immediate support at the 100-day SMA of $87.00.
President Donald Trump stated the US will no longer seek a deal with Iran, signaling a prolonged conflict.

📝 Executive Summary

WTI crude oil is trading near $87.50 as a surprise 9 million barrel build in US inventories outweighs geopolitical tensions. While Brent crude rose 1.2% to USD92.63 following mine strikes on tankers in the Strait of Hormuz, WTI remains under pressure from oversupply concerns and a weak technical outlook.

❓ FAQ

USOIL · Why did WTI fall despite tensions in the Middle East?

US crude inventories rose 9 million barrels when the market expected a 1 million decline, feeding oversupply worries that outweighed the geopolitical support.

USOIL · Where are the key levels for WTI now?

Support sits at the 100-day SMA near $87.00 and the lower Bollinger band at $82.30, while resistance is at the 20-day SMA around $94.60.

UKOIL · Why is Brent holding up better than WTI?

Brent is more sensitive to Middle East supply risks, and the mine strikes on tankers transiting the Strait of Hormuz provided a floor, lifting Brent 1.2% to USD92.63.

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