Oil prices fell by almost 3.5% due to OPEC+ plans to increase production and the resumption of exports from Kurdistan.
Raluca Ioana Draghici
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Futures contracts on Brent crude fell to $67.71 per barrel, while those on West Texas Intermediate dropped to $63.32, amid expectations of an OPEC+ production increase of at least 137,000 barrels per day in November. The resumption of oil exports from Kurdistan, estimated at 150,000-230,000 bpd, has improved global supply outlooks. Despite previous increases, fears of oversupply persist in the market.
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