IRAQ HAS NO PLANS TO LEAVE OPEC OR OPEC+, NEEDS STRONG GROUP FOR STABLE PRICES – TWO IRAQI OIL OFFICIALS

Iraqi oil officials have confirmed that Iraq has no intentions of exiting OPEC or OPEC+, emphasizing the need for a strong coalition to maintain stable oil prices. This statement underscores Iraq's commitment to collective production strategies, which can influence global oil supply dynamics. The reaffirmation of Iraq's membership may bolster investor confidence, potentially stabilizing oil prices amid ongoing volatility driven by geopolitical tensions and supply chain concerns. Traders will closely watch upcoming OPEC meetings for any shifts in production quotas or policy adjustments that could impact market sentiment and oil pricing.

Crude oil (WTI/Brent) reacts in real time to OPEC+ production decisions, EIA weekly inventory reports, geopolitical supply disruptions (Middle East, Russia, Venezuela) and US Strategic Petroleum Reserve announcements. A 5% intraday move on breaking news is not unusual.

HIGH-impact news is typically a market-moving event with multi-pip or multi-percent intraday reactions. Examples include central bank rate decisions, major CPI/NFP releases, geopolitical shocks, mega-cap earnings beats/misses, and regulatory announcements. Traders typically position-reduce or hedge ahead of scheduled HIGH-impact events, and follow the wire in real time to react to unscheduled ones (war headlines, central-bank emergency statements, surprise corporate actions). The Trading News Terminal squawk box reads every HIGH-impact headline aloud the moment it hits the wire — so active traders don't have to stare at the feed.

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