Oil prices slip despite Opec+ production cut extension

FILE PHOTO: A 3D-printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture. REUTERS/Dado Ruvic

SINGAPORE: Oil prices fell early on Monday, despite a move by producer group OPEC+ to extend deep output cuts well into 2025.

Brent futures for August delivery were down 24 cents, or 0.3%, to $80.87 a barrel at 0030 GMT.