# WTI slips below $63.00 on OPEC+ output hike plans

> 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.

- Date: 2025-09-30 · published 2025-09-30T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/23056-wti-slips-below-63-00-on-opec-output-hike-plans
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Expected OPEC+ supply growth against a backdrop of surplus risks points to continued softness in crude, which lowers energy costs across agricultural supply chains.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- fxstreet.com: https://www.fxstreet.com/news/wti-slips-below-6300-on-opec-output-hike-plans-202509300253

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