Oil falls after OPEC+ sticks to raising supply amid demand doubts

TOKYO: Oil prices fell on Thursday after OPEC+ agreed to keep its policy of gradually returning supply to the market at a time when coronavirus cases around the world are surging and many US refiners, a key source of crude demand, remained offline.

Brent crude was down by 52 cents, or 0.7%, at $71.07 a barrel by 0134 GMT, after dropping 4 cents on Wednesday. US oil fell 56 cents, or 0.8%, to $68.03 a barrel, after rising 9 cents in the previous session.