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Iraq's industry minister said oil exports from the Kurdistan region would resume the following week after being offline. Brent traded below $75 a barrel.
Kurdistan flows were previously offline since early 2023.
Restored Kurdistan exports add supply to a tight market and put downward pressure on crude prices. Cheaper crude eases energy and transport costs for feed.
reuters.comAhmed RasheedFeb 17, 2025After 36 past logistics events, Crude Oil (Brent) moved a median +0.2% over 5 sessions (50% higher; middle half -4.6% to +3.2%), and +1.5% 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.
