Oil prices fell in the Asian morning session, weighed down by OPEC+'s renewed decision to increase production

```htmlJinse Finance reported that on July 6, during the early Asian session, oil prices fell, pressured by OPEC+ again deciding to increase production. After holding an online meeting on Sunday, the organization stated it would increase production by about 188,000 barrels per day in August, marking the fifth consecutive month of production hikes. However, analysts from the ANZ Research Department said in a report: "Even with the reopening of the Strait of Hormuz, member countries could find it difficult to utilize this additional capacity as vessels continue to face persistent risks." The ANZ Research analysts pointed out: "Over the weekend, several vessels were seen abruptly turning around when trying to cross the strait along the Oman route." Front-month West Texas Intermediate crude futures fell 0.6% to $68.29 per barrel; front-month Brent crude futures dropped 0.7% to $71.64 per barrel.```