Germany & Italy crude imports (1529/1225 kb/d) are +23% above EU-7 avg; UK & NL refinery inputs lag imports by 240/67 kb/d — signaling processing shortfall. ARA fuel oil stocks at 3.554 mbbl, lowest in region. Brent down to $95.78 — no open buying window yet, but structural mismatch widening.

On Nov 13, Brent crude rose 3.47% to USD 95.98/bbl—the highest in three weeks—while WTI edged down 0.03% to USD 88.72/bbl. Tightening supply outlook and strong OPEC+ compliance drove the rally.

On Nov 11, Brent crude fell 0.54% to $92.066/bbl. Fuel oil front-month contract dropped 2.13% to CNY 3,947/t—the steepest daily decline in three weeks.

As of Nov 10, 2026, Brent crude fell to USD 92.073/bbl (-6.35% w/w), the steepest weekly drop since May. WTI edged down 0.44% to USD 86.47/bbl. Market focus shifts to OPEC+ meeting and softening demand indicators.