OPEC+ to boost oil production even more than expected in August - MarketWatch
1. OPEC+ increases oil output by 548,000 barrels daily for August. 2. Crude prices have declined 7.5% year-to-date due to oversupply fears. 3. Global tensions easing may stabilize oil supply and demand. 4. OPEC's production hike aims to reclaim market share from U.S. shale. 5. Natural production declines may limit long-term impacts of increased output.