Brent oil is moving lower as traders worry that OPEC+ will continue to increase supply in the upcoming months.
If Brent oil declines below the $64.00 level, it will move towards the support at $62.00 – $62.50.
WTI oil pulled back amid reports indicating that the U.S. and Iran reached progress in nuclear deal talks.
If WTI oil settles below the $60.00 level, it will move towards the support at $57.50 – $58.00.
