US Oil Update: Crude Edges Lower After OPEC Raises Production, Geopolitical Tensions Continue to Ease
() -- Oil markets eased on Monday, following Sunday's OPEC+ decision to lift collective output targets by 188,000 barrels per day starting in August. The Brent futures contract edged down 0.6% at $71.65 per barrel. West Texas Intermediate futures fell 0.9% at $68.10/bbl. Following a monthly meeting on Sunday, OPEC said