The Organization of the Petroleum Exporting Countries and its allies (OPEC+) recently agreed to increase production from October this year, making the market expressed doubts about this decision. International crude oil prices fell on June 4, reaching the lowest level in nearly four months.

West Texas Intermediate (WTI) crude for July delivery decreased by US$0.97 (1.31%), reaching US$73.25/barrel on the New York Mercantile Exchange. Brent crude for August delivery declined by US$0.84 (1.07%), settling at US$77.52/barrel.