Oil prices declined following OPEC+'s decision to increase production by 547,000 barrels per day in September, marking the fifth consecutive monthly output hike. Brent crude futures fell below $70, trading near $68.24 to $68.76, while West Texas Intermediate (WTI) crude dropped to around $66.29, with intraday lows near $65.50. The output increase has raised concerns about oversupply in the market, contributing to downward pressure on prices. Goldman Sachs projects the average Brent price in the fourth quarter to be around $64 amid ongoing policy and geopolitical uncertainties. Additional factors influencing the market include soft U.S. economic data and U.S. President Donald Trump's threat of tariffs on India over its purchases of Russian crude, although the market perceives a low chance of major U.S. action. Despite three days of price declines, oil prices showed signs of stabilization with cautious trading amid these mixed influences.