Oil Drops More Than US$ 1 as OPEC+ Decision Spotlights Shaky Demand

OIL PRICE - LONDON. Oil prices fell more than $1 on Tuesday on scepticism about an OPEC+ decision to boost supply later this year into a global market where demand has already shown signs of weakness.

Extending losses from a four-month low in the previous session, Brent crude futures fell $1.13 cents, or 1.4%, to $77.23 a barrel at 1210 GMT. Brent on Monday closed below $80 for the first time since Feb. 7, after falling more than 3%.