# Crude Futures Fall Amid Chatter That OPEC+ Will Raise Production

> Crude futures fell on Sept 29 on reports that OPEC+ could lift output above agreed targets as early as the following week. An unexpected build in US crude inventories and a surging dollar added pressure. WTI November settled at $74.83 and Brent at $78.64.

- Date: 2021-09-29 · published 2021-09-29T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/45227-crude-futures-fall-amid-chatter-that-opec-will-raise-production
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expected OPEC+ supply increases weigh on crude and energy-linked costs, easing input and freight pressure for feed producers. A stronger dollar also reduces the dollar value of US commodity exports.

## Read by commodity

- DXY: bullish ▲
- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/world-policy/article/2021/09/29/crude-futures-fall-amid-chatter-opec

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