London, July 6 (SANA) Oil prices fell in global trading on Monday after OPEC+ agreed to a further increase in production targets starting in August, while exports through the Strait of Hormuz continued to recover, paving the way for increased supplies to the global market.
Reuters reported that Brent crude futures fell 24 cents, or 0.33%, to $71.88 a barrel after closing 0.45% higher on Friday.
U.S. West Texas Intermediate crude futures fell 11 cents, or 0.16%, to $68.58 a barrel.
OPEC+ agreed at its meeting on Sunday to raise production targets by 188,000 barrels per day from August, in addition to similar increases approved for June and July.
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