Energy Shares Rise as Oil Posts Two-Week Slide

Energy shares gained as traders hedged positions amid uncertainty over oil prices. In New York, oil futures recorded their steepest two-week decline since June, while fresh inventory and supply forecasts pointed to a market shifting toward surplus.

November 14, 2026, 02:52 AM 588 0

Energy Shares Rise as Oil Posts Two-Week Slide

U.S. commercial crude stocks, excluding the Strategic Petroleum Reserve, unexpectedly increased by 4.7 million barrels to 414.4 million in the week ended Nov. 6. Inventories remained about 4% below the five-year average for this time of year.

The International Energy Agency said Friday that the global oil market is expected to return to surplus in the final quarter of the year for the first time since the Iran war began. A recovery in Middle Eastern exports is expected to outpace demand.

In a separate development, Poland’s Orlen ended a long-term liquefied natural gas supply contract with QatarEnergy. It was the first known cancellation of an agreement with the Qatari exporter since the war began.

When reusing this material a link to Money Talk is required.