CME : WTI Crude Oil futures dropped on expectations of OPEC+ production increase.

WTI Crude Oil futures were trading lower after reaching a two-month closing high of $65.72 in the previous session. The primary driving factor was the expectation that OPEC+ would approve another production increase, creating heavy selling pressure. This decision moved WTI Crude Oil futures back into the lower-middle of its recent range, reinforcing the market theme of excess supply in the system.