# Oil Falls 3.5% On OPEC+ Output Hike Plan, Kurdistan Exports

> Oil fell about 3.5% on Monday as Kurdistan's pipeline exports to Turkey restarted after a 2.5-year hiatus and OPEC+ reportedly planned a 137,000 bpd output increase for November. WTI fell 3.59% to $63.36 and Brent dropped 3.21% to $67.88.

- Date: 2025-09-29 · published 2025-09-29T12:00:00.000Z
- Category: macro · region Iraq · magnitude medium
- Page: https://feedsoft.ai/events/23054-oil-falls-3-5-on-opec-output-hike-plan-kurdistan-exports
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A sharp selloff on new supply and an OPEC+ market-share shift signals weaker crude prices that can lower energy and freight costs for feed makers.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2025-09-29 | [Oil Drops as Iraq Resumes Kurdish Exports, OPEC+ Eyes Output Hike](https://feedsoft.ai/events/23052-oil-drops-as-iraq-resumes-kurdish-exports-opec-eyes-output-hike.md) | -7.3% | -6.4% |
| 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% |
| 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 | 2025-09-29 | [Brent Prices Retreat below $70 as OPEC+ Mulls Another Output Hike \| OilPrice.com](https://feedsoft.ai/events/23042-brent-prices-retreat-below-70-as-opec-mulls-another-output-hike-oilprice-com.md) | -7.3% | -6.4% |
| BRENT | 2025-09-29 | [Oil Drops as Iraq Resumes Kurdish Exports, OPEC+ Eyes Output Hike](https://feedsoft.ai/events/23052-oil-drops-as-iraq-resumes-kurdish-exports-opec-eyes-output-hike.md) | -7.5% | -6.8% |
| 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% |
| 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% |

## Sources

- forbesmiddleeast.com: https://www.forbesmiddleeast.com/industry/energy/oil-drops-35-on-opec-oil-output-hike-plan-kurdistan-exports-resumption

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