# Oil falls on concerns another OPEC+ supply boost will swell glut - CNBC TV18

> Oil prices fell at the start of the week of Sept 29 as expectations grew that OPEC+ would raise output again in November. Brent dropped below $70 after rising 5.2% the prior week, with WTI near $65.

- Date: 2025-09-29 · published 2025-09-29T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/23038-oil-falls-on-concerns-another-opec-supply-boost-will-swell-glut-cnbc-tv18
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Expected OPEC+ supply hikes intensify glut concerns and pressure crude prices, which can weigh on soyoil and biofuel-linked values.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2023-07-04 | [Why are OPEC+ supply cuts failing to boost oil prices?](https://feedsoft.ai/events/34941-why-are-opec-supply-cuts-failing-to-boost-oil-prices.md) | +4.3% | +14.5% |
| BRENT | 2023-12-12 | [Oil falls more than 3% on softening demand, oversupply concerns \| Reuters](https://feedsoft.ai/events/32904-oil-falls-more-than-3-on-softening-demand-oversupply-concerns-reuters.md) | +3.3% | +2.3% |
| BRENT | 2024-10-13 | [Oil falls 2% as OPEC cuts oil demand growth view, China concerns](https://feedsoft.ai/events/28026-oil-falls-2-as-opec-cuts-oil-demand-growth-view-china-concerns.md) | -8.5% | -7.2% |
| BRENT | 2017-07-21 | [Oil prices sink on a report OPEC supply will rise in July](https://feedsoft.ai/events/70144-oil-prices-sink-on-a-report-opec-supply-will-rise-in-july.md) | +4.4% | +3.6% |
| BRENT | 2025-06-01 | [Oil falls as higher OPEC+ output expectations weigh on sentiment](https://feedsoft.ai/events/24838-oil-falls-as-higher-opec-output-expectations-weigh-on-sentiment.md) | +4.9% | +7.0% |
| WTI | 2023-07-04 | [Why are OPEC+ supply cuts failing to boost oil prices?](https://feedsoft.ai/events/34941-why-are-opec-supply-cuts-failing-to-boost-oil-prices.md) | +7.3% | +16.7% |
| WTI | 2023-12-12 | [Oil falls more than 3% on softening demand, oversupply concerns \| Reuters](https://feedsoft.ai/events/32904-oil-falls-more-than-3-on-softening-demand-oversupply-concerns-reuters.md) | +1.7% | +0.6% |
| WTI | 2024-10-13 | [Oil falls 2% as OPEC cuts oil demand growth view, China concerns](https://feedsoft.ai/events/28026-oil-falls-2-as-opec-cuts-oil-demand-growth-view-china-concerns.md) | -8.3% | -7.0% |

## Sources

- cnbctv18.com: https://www.cnbctv18.com/market/oil-falls-on-concerns-another-opec-supply-boost-will-swell-glut-19694464.htm

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.