<ul data-eligibleForWebStory="false"><li>Oil prices remained steady as OPEC+ prepares for a significant production increase, potentially leading to an oversupply later in the year.</li><li>The cartel is discussing a substantial 411,000 barrel-a-day output boost for August, exceeding the originally planned rate to address paused production.</li><li>Concerns linger regarding crude oil volatility due to geopolitical tensions, including potential impacts from the Israel-Iran conflict on supply and demand negotiations with Iran.</li><li>Other factors affecting oil prices include the US's actions on Iran trade restrictions, a wildfire threat in Canada near oil production sites, and global efforts to stabilize heavy crude prices.</li></ul>

Oil Holds Decline As OPEC+ Set For Bumper Production Quota Hike

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