# Iraq records second-largest increase in OPEC output as Brent falls below $100

> Iraq recorded the second-largest increase in crude oil production among OPEC members in October, according to figures attributed to a Bloomberg survey; Saudi Arabia had the largest increase. Brent traded near $98 a barrel and was on track for its steepest weekly decline since 2020.

- Date: 2026-11-06 · published 2026-11-06T21:09:54.636Z
- Category: macro · region Iraq · magnitude medium
- Page: https://feedsoft.ai/events/84878-iraq-records-second-largest-increase-in-opec-output-as-brent-falls-below-100
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Higher Iraqi and Saudi output adds to available crude supply, putting downward pressure on oil prices. Lower crude prices can reduce feed and farm input energy costs, though the article does not report a direct grain-market effect.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 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) | -7.5% | -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 | 2020-04-27 | [U.S. oil plunges 25%, Brent falls below $20 a barrel \| Reuters](https://feedsoft.ai/events/53810-u-s-oil-plunges-25-brent-falls-below-20-a-barrel-reuters.md) | +19.9% | +86.8% |
| BRENT | 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) | -2.2% | -5.2% |
| BRENT | 2022-07-05 | [Oil tumbles as much as 10%, breaks below $100 as recession fears mount](https://feedsoft.ai/events/11251-oil-tumbles-as-much-as-10-breaks-below-100-as-recession-fears-mount.md) | -4.9% | -11.7% |
| 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% |
| 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 | 2020-04-27 | [U.S. oil plunges 25%, Brent falls below $20 a barrel \| Reuters](https://feedsoft.ai/events/53810-u-s-oil-plunges-25-brent-falls-below-20-a-barrel-reuters.md) | +21.1% | +105.0% |

## Sources

- ijra.ai: https://www.ijra.ai/en?e=k579j2me0z7jbrf7dkp3k3ef9d8hpzse

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