Oil falls on potential further hike in Opec+ output


Brent futures fell 66 cents, or 1.02%, to US$64.25 a barrel by 12:31 p.m. EDT. US West Texas Intermediate crude was down 51 cents, or 0.83%, at US$61.06.

HOUSTON: Oil prices slipped on Thursday as investors weighed a report that Opec+ is discussing a production increase for July, stoking concerns that global supply could outpace demand growth.

Brent futures fell 66 cents, or 1.02%, to US$64.25 a barrel by 12:31 p.m. EDT. US West Texas Intermediate crude was down 51 cents, or 0.83%, at US$61.06.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business

Zero abandoned homes�by�2030?
The parcel overhang
Unmasking housing market pricing abuses
Ringgit likely to trade cautiously next week ahead of key US data
AI in the layman’s eye
Handling non-public info properly
Broadening Malaysia’s trade
US LNG exporters lead in gas use
High hopes as dividend is nigh
Jinhua – a trading hub without borders

Others Also Read