Oil falls as OPEC+ plans to further increase output

Core Viewpoint - Oil prices declined due to anticipated production increases by OPEC+ and the resumption of oil exports from Iraq's Kurdistan region via Turkey, indicating a potential supply surplus in the market [1] Group 1: OPEC+ Production Increase - OPEC+ is expected to increase production, contributing to the downward pressure on oil prices [1] Group 2: Iraq's Oil Exports - The resumption of oil exports from Iraq's Kurdistan region through Turkey is reinforcing the outlook for a supply surplus [1]