On July 8, oil stabilized after recent volatility: Brent crude fell 0.3% to $69.35/barrel, while WTI dropped 0.5% to $67.60. Traders cited ongoing tariffs uncertainty coupled with OPEC+’s decision to raise production by approximately 548,000 bpd in August—surpassing previous increases—which helped ease price pressures reuters.com+1reuters.com+1.