Oil prices ease as OPEC increases production, Hormuz traffic rebounds

Brent crude, the international benchmark, fell 0.15% to $71.87 a barrel as of 8:07 a.m. EDT after dropping as low as $71.09 earlier in the session, its lowest level since before the US-Israel-Iran war began on Feb. 28.

Jack Dutton

Jul 6, 2026

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Oil prices edged lower Monday as OPEC agreed to increase crude production and shipping traffic through the Strait of Hormuz continued to........

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