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macroJul 6, 2026, 10:53 AM

WTI Oil Falls on Oversupply Concerns

West Texas Intermediate crude slipped to around $68.30 on Monday, down 0.64%, as worries over global oversupply from OPEC+ production decisions weighed on prices.

WTI

West Texas Intermediate (WTI) crude oil declined on Monday, trading near $68.30, down 0.64% on the day. The drop comes as market participants reassess the global supply outlook following the latest output decisions by OPEC+ countries.

Concerns over oversupply have overshadowed recent price gains, with traders focusing on the potential impact of increased production on inventory levels. No specific inventory data or official statements were cited in the original report.

Source: FXStreet Forex News