Oil prices fall as OPEC+ hike eases worries over Russian supply disruptions

New York: Oil prices fell by more than 1% on Tuesday, as increased output from OPEC+ and concerns over weakening global demand outweighed worries about threats by US President Donald Trump to India over its purchases of Russian oil.

Brent crude futures dropped 82 cents, or 1.2%, to $67.94 a barrel, while US West Texas Intermediate (WTI) crude fell 88 cents, or 1.3%, to $65.41 a barrel.

Both benchmarks had declined by more than 1% in the previous session, settling at their lowest levels in a week.