India, July 4 -- Oil held a decline on Friday before an OPEC+ meeting that's set to deliver another oversized production hike.
Ongoing concerns over U.S.' protectionist trade policies and fiscal worries also weighed on prices.
Benchmark Brent crude futures for September delivery fell 0.7 percent to $68.33 in European trade, with a weaker dollar helping limit overall losses to some extent. WTI crude futures for August delivery were down 0.7 percent at $66.56.
The eight OPEC+ member countries, Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman, are expected to set their production levels at a meeting on Sunday.
The cartel intends to raise production by 411,000 bpd in August. If Russia concurs with ...