Oil falls on supply glut fears as OPEC+ set to boost output
OPEC+ set to raise output in August, adding 1.5 mln bpd
Fears over rising COVID-19 cases weigh on market sentiment
TOKYO : Oil prices fell on Monday on oversupply concerns as OPEC and its allies wind back production cuts in August and a rise in worldwide COVID-19 cases points to a slower pick-up in fuel demand.
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