Oil Prices Slide on Oversupply Concerns

Core Insights - Oil prices are experiencing a decline due to concerns over oversupply as OPEC+ is expected to approve another production increase [1][2] Group 1: Oil Prices - Brent international benchmark fell by 1.4% to $68.25 per barrel [1] - West Texas Intermediate U.S. crude decreased by 1.6% to $64.69 per barrel [1] Group 2: OPEC+ Production Increase - OPEC+ is likely to approve an increase of at least 137,000 barrels per day at its upcoming meeting [2] - The production hike aims to help the group regain market share by increasing crude output [2]