Pakistan, Aug. 6 -- Oil prices saw a slight decline globally as OPEC+ members agreed to increase production starting in September. The alliance will raise output by 547,000 barrels per day, easing earlier supply restrictions. This move, combined with fears of falling global demand, weakened the market impact of US President Donald Trump's recent threats to India over its Russian oil purchases.

Brent crude futures dropped by 58 cents, or 0.84 percent, bringing the price down to $68.18 per barrel. Meanwhile, the US West Texas Intermediate (WTI) crude fell by 59 cents, or 0.89 percent, settling at $65.70 per barrel. Both prices had already fallen by more than 1 percent on Monday, reaching their lowest levels for the week.

This production i...