EMEA Oil Update: Crude Eases After OPEC Raises August Output
() -- Oil benchmarks eased on Monday, hovering near pre-war levels, after OPEC confirmed an output increase for August over the weekend and geopolitical tensions continued to ease. The Brent futures contract edged down 0.5% at $71.77 per barrel. Murban futures eased 0.2% at $66.36/bbl. The primary catalyst for the bear