India, May 22 -- After turning lower over the course of the previous session, the price of crude oil saw further downside during trading on Thursday.
Crude for July delivery slid $0.37 or 0.6 percent to $61.20 a barrel, closing lower for the third consecutive session.
The continued decrease by crude oil futures came after a report from Bloomberg said OPEC+ members are discussing making a third consecutive oil production surge in July.
Citing OPEC+ delegates, Bloomberg said an output increase of 411,000 barrels a day for July - triple the amount initially planned - is among options under discussion.
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Bloomberg noted no final agreement has yet been reache...