Crude oil benchmarks were trading even lower midday Wednesday, at prices lower than they’ve dipped for several months, even as OPEC+ emphasizes that it is committed to a calibrated increase in crude output, rejecting media speculation of a sweeping jump in inventory. Still, it involves additional supply, and as of the time of writing, that continued to put downward pressure in markets already showing signs of strain. ET on Wednesday, Brent crude was trading at $67.51, down 0.97% on the day, while West Texas Intermediate (WTI) was trading at $62.21, down 0.26% on the day. Meanwhile, Kurdistan’s resumption of exports to Turkey’s Ceyhan terminal at volumes estimated between 180,000 and 230,000 barrels per day is reintroducing more crude to the global markets. “Oil prices are under pressure in anticipation of OPEC+ restoring additional quantities of oil back to market, along with the resumption of Kurdish exports,” said Andrew Lipow, president of Lipow Oil Associates.