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Oil settles up $1/bbl as restart of Kurdish oil exports stalls
Yahoo Finance·2025-09-23 01:12

By Georgina McCartney HOUSTON (Reuters) -Oil prices settled up more than 1abarrelonTuesdayafteradealtoresumeexportsfromIraqsKurdistanstalled,pacifyingsomeinvestorconcernsthattherestartwouldexacerbateworriesaboutglobaloversupply.Brentcrudefuturessettledup1 a barrel on Tuesday after a deal to resume exports from Iraq's Kurdistan stalled, pacifying some investor concerns that the restart would exacerbate worries about global oversupply. Brent crude futures settled up 1.06, or 1.6%, at 67.63abarrel,whileU.S.WestTexasIntermediatecruderose67.63 a barrel, while U.S. West Texas Intermediate crude rose 1.13, or 1.8%, to end at $63.41 a barrel. Both benchmarks recouped modest earlier losses. Pipeline oil exports from Iraq's Kurdistan reg ...