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.

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