Oil prices fell today, Tuesday, amid market anticipation of a possible announcement from the OPEC+ alliance regarding a new increase in crude production during its upcoming meeting this week.
Consequently, Brent crude futures dropped by 12 cents, or 0.19 percent, reaching $64.62 per barrel, while West Texas Intermediate crude fell by approximately 19 cents, equivalent to 0.31 percent, to $61.34 per barrel.
In this context, financial analyst Daniel Hynes stated that “crude oil prices have seen a slight decline as the market awaits OPEC’s production increase forecasts.”
