# Oil Drops as Iraq Resumes Kurdish Exports, OPEC+ Eyes Output Hike

> 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.

- Date: 2025-09-29 · published 2025-09-29T12:00:00.000Z
- Category: macro · region Iraq · magnitude medium
- Page: https://feedsoft.ai/events/23052-oil-drops-as-iraq-resumes-kurdish-exports-opec-eyes-output-hike
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

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.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2025-09-29 | [Oil Falls 3.5% On OPEC+ Output Hike Plan, Kurdistan Exports](https://feedsoft.ai/events/23054-oil-falls-3-5-on-opec-output-hike-plan-kurdistan-exports.md) | -7.3% | -6.4% |
| WTI | 2025-06-01 | [Oil ends at four-year lows as OPEC+ accelerates output hikes](https://feedsoft.ai/events/24839-oil-ends-at-four-year-lows-as-opec-accelerates-output-hikes.md) | +6.2% | +7.6% |
| WTI | 2025-10-01 | [Oil settles lower as investors brace for possible OPEC+ output hike](https://feedsoft.ai/events/23036-oil-settles-lower-as-investors-brace-for-possible-opec-output-hike.md) | -1.0% | -3.5% |
| WTI | 2025-01-26 | [Oil Drops As Trump Urges OPEC To Cut Prices](https://feedsoft.ai/events/26667-oil-drops-as-trump-urges-opec-to-cut-prices.md) | -2.8% | -5.2% |
| WTI | 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) | +6.2% | +7.6% |
| BRENT | 2025-09-29 | [Oil Falls 3.5% On OPEC+ Output Hike Plan, Kurdistan Exports](https://feedsoft.ai/events/23054-oil-falls-3-5-on-opec-output-hike-plan-kurdistan-exports.md) | -7.5% | -6.8% |
| BRENT | 2025-06-01 | [Oil ends at four-year lows as OPEC+ accelerates output hikes](https://feedsoft.ai/events/24839-oil-ends-at-four-year-lows-as-opec-accelerates-output-hikes.md) | +4.9% | +7.0% |
| BRENT | 2025-10-01 | [Oil settles lower as investors brace for possible OPEC+ output hike](https://feedsoft.ai/events/23036-oil-settles-lower-as-investors-brace-for-possible-opec-output-hike.md) | -2.2% | -5.2% |

## Sources

- tradingeconomics.com: https://tradingeconomics.com/commodity/crude-oil-/news/488428

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