Doha: Oil prices dropped more than 1% at settlement today, impacted by reports of reduced demand in China and a decision by OPEC+ to increase supply starting in July.

According to Qatar News Agency, Brent crude futures decreased by 75 cents, or 1.16 percent, closing at $64.15 a barrel. Similarly, US West Texas Intermediate (WTI) crude futures saw a decline of 90 cents, or 1.46 percent, settling at $60.94 per barrel.