Oil Prices Fall on Expectations of Increased OPEC Output in August
Oil prices dropped on Tuesday amid expectations that OPEC will raise production in August and concerns over an economic slowdown driven by potential U.S. tariff hikes.
Brent crude futures for September fell by 16 cents (0.24%) to $66.58 per barrel, while U.S. West Texas Intermediate (WTI) dropped 20 cents (0.31%) to $64.91 per barrel.
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