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Oil falls on prospect of more OPEC+ supply, easing risks in Mideast

Oil prices fell 1% on Monday as geopolitical risks in the Middle East eased and the prospect of another OPEC+ output hike in August boosted the supply outlook. Brent crude futures dropped 66 cents to $67.11 a barrel, while U.S. West Texas Intermediate crude fell 94 cents to $64.58 a barrel.

Original article source: https://www.dailymail.co.uk/wires/reuters/article-14859311/Oil-falls-prospect-OPEC-supply-easing-risks-Mideast.html
Source Id: 8746980032

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