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18 April 2024

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Oil slips as Kurdistan crude exports resume, OPEC+ plans output hike

29-09-2025 10:29 AM


Ammon News - Oil prices fell on Monday after Iraq's Kurdistan region resumed crude oil exports via Turkey over the weekend and as OPEC+ plans another oil output hike in November, adding to global supplies.

Brent crude futures fell 34 cents, or 0.5%, to $69.79 a barrel by 0330 GMT, after settling at the highest since July 31 on Friday. U.S. West Texas Intermediate crude was trading at $65.29 a barrel, down 43 cents, or 0.7%, giving back most of Friday's gains.


Reuters




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