CommoditiesMedium•13 November 2026•
1 min read
WTI Oil Prices Drop to $87.50 Following Sharp Build in US Inventories
Key Facts
1WTI crude prices fell to around $87.50 per barrel during early Asian hours on Friday.
2US crude stockpiles surged by 9 million barrels for the week ending November 5, defying expectations of a 1 million barrel decline.
WTI crude prices fell to around $87.50 per barrel during early Asian hours on Friday. FXStreet reported that US crude stockpiles surged by 9 million barrels for the week ending November 5, 2026, defying market expectations of a 1 million barrel decline.
The price drop followed downward pressure from the massive inventory build, despite ongoing geopolitical tensions in the Middle East. Data from the American Petroleum Institute (API) on November 10, 2026, showed a 9 million barrel increase against forecast draws, while the EIA Weekly Petroleum Report on November 12, 2026, confirmed a gasoline stock build of 1.799 million barrels.