Oil prices fall more than 1% on potential further increase to OPEC+ output
Petrol
LONDON :Oil prices dropped by more than 1 per cent on Thursday after a report that OPEC+ is discussing a production increase for July, stoking concerns that global supply could exceed demand growth. Brent futures lost $1.08, or 1.7 per cent, to $63.83 a barrel by 1134 GMT. U.S. West Texas Intermediate crude was down $1.02, or 1.7 per cent, at $60.55. The Organization of the Petroleum Exporting Countries and its allies, known collectively as OPEC+, are discussing whether to make another large
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