The Organization of Petroleum Exporting Countries (OPEC) recently issued a statement saying that eight major oil-producing countries among OPEC and non-OPEC oil-producing countries decided to increase production by 547,000 barrels per day in September.

Oil prices fell on Tuesday as rising OPEC+ supply and concerns about weak global demand offset worries about U.S. President Donald Trump's threats against India over Russian oil purchases.

HOUSTON (Reuters) - Exxon Mobil reported second-quarter profit that beat Wall Street expectations as higher oil and gas production and lower production costs offset lower crude prices.

NEW YORK, July 29 (Reuters) - Oil prices rose more than 3% on Tuesday as U.S. President Donald Trump increased pressure on Russia over the war in Ukraine and on optimism that the trade war between the United States and its major trading partners was easing.