India, May 23 -- Crude oil futures regained some ground after moving lower for three consecutive sessions but still moved to the downside for the week.
After falling by $0.94 or 2.4 percent over the past three days, crude for July delivery climbed $0.34 or 0.6 percent to $61.54 a barrel.
Despite the increase on the day, the price of crude oil fell by 1.5 percent for the week after moving higher for two straight weeks.
The weekly decline came amid concerns about the outlook for supply amid reports of another increase by OPEC+ output for July.
A report from Bloomberg said OPEC+ members are discussing making a third consecutive oil production surge in July.
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