Oil prices fall after 3% rise

World oil prices fell on July 8 morning after growing by about 3% the previous day, Report informs referring to trading data.

The price of September Brent oil futures fell by 0.23%, to $69.42 per barrel, August WTI futures by 0.31%, to $67.72. At the end of the previous trading day, Brent oil rose by 2.69%, WTI by 2.85%.

The dynamics of quotes could have been influenced by the news regarding the increase in the maximum level of oil production in August by eight OPEC+ countries (Russia, Saudi Arabia, Iraq, UAE, Kuwait, Kazakhstan, Algeria and Oman) by 548,000 barrels per day.