Oil prices slump as OPEC+’s output hike raises oversupply worries amid demand uncertainty. Brent crude is down 1.7% at $68.46 a barrel, while WTI is down 2% at $66.01 a barrel. Oil prices have fallen after OPEC+ agreed over the weekend to raise September production by 547,

Oil prices edged higher on Monday, paring earlier losses, as traders expect the market to absorb another large output hike by OPEC+ in September, while worries about disruptions to Russian oil shipments to major importer India also provided support.