Baghdad: Oil prices experienced a decline after an anticipated increase in OPEC+ production along with the resumption of oil exports from the Kurdistan Region of Iraq via Turkey, which supported expectations of an imminent supply surplus.

According to National Iraqi News Agency, Brent crude futures for November delivery, which expire on Tuesday, saw a decrease of 47 cents, or 0.69%, reaching $67.50 a barrel. Additionally, the most actively traded contracts for December fell by 43 cents, or 0.64%, dropping to $66.66.