Brent crude oil fell in response to the resumption of exports from the Kurdistan region (Iraq), which boosts short-term supply, and in the face of OPEC+’s planned production increase in November. Brent prices oscillated around $69/bbl, with selling pressure also resulting from current supply-demand balances.
However, geopolitical factors remain important – attacks on infrastructure or sudden escalations of conflicts can quickly change the price trajectory, so commodity investors should maintain flexible scenarios and risk control. Short-term traders will focus on futures volatility, and the longer horizon will depend on OPEC+’s decision.
Practically: consider hedging your exposure to oil prices and watch out for inventory indicators (API/EIA) and OPEC+ announcements, which can quickly change sentiment.