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WTI traded near $62.90 a barrel in Asian hours on Tuesday as oil prices weakened on expectations of an OPEC+ output increase of at least 137,000 bpd and Kurdistan's resumed exports. The report also noted a tentative US-brokered Gaza peace plan and renewed EU sanctions on Iran.
Expected OPEC+ supply growth against a backdrop of surplus risks points to continued softness in crude, which lowers energy costs across agricultural supply chains.
fxstreet.comAkhtar FaruquiSep 30, 2025Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
