Brent crude falls 0.4%
Oil prices declined during Tuesday's trading session, with Brent crude futures decreasing by 0.4% to reach $88.87 per barrel, while West Texas Intermediate futures remained steady at $82.47 per barrel. This decline followed earlier gains amid escalating tensions in the Strait of Hormuz, but the market experienced a pullback after OPEC+ announced an increase in production starting from August, amid ongoing concerns about global energy supplies.
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