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WTI crude fell toward $64 a barrel after Iraq's Kurdistan region resumed crude exports via Turkey's Ceyhan port following a two-and-a-half-year halt. OPEC+ was also expected to approve another output increase of at least 137,000 bpd for November.
Restored Kurdish barrels plus a planned OPEC+ hike add to supply and raise glut concerns, which pressures crude and the energy costs that feed into ag markets.
tradingeconomics.comJudith Sib-atSep 29, 2025After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.
After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
