How did the oil markets interact with the announcement of “OPEC+” production in September?

Oil prices fell on Monday after “ OPEC+ »on another significant increase in production next September, while traders have been cautious about imposing more sanctions on Russia. $ 66.51 a barrel. Both decades were closed on Friday, a decrease of approximately two dollars." target ="_Blank"> The exporting countries Petroleum and alliance (OPEC+), yesterday, Sunday, to increase oil production by 547 thousand barrels per day for the month of September. The additional volunteer is agreed to monitor at the 53rd meeting of the Joint Ministerial Committee for Monitoring Production held on April 3, 2024, and confirmed its intention to compensate for the full excess amounts of production since January 2024.