US Crude Futures Fall More Than $1/bbl on Possible OPEC+ Output Hike

U.S. crude futures fell more than $1 a barrel on Friday on expectations OPEC+ will decide on Saturday to boost oil output for July beyond previous forecasts.

Brent crude futures were down by 34 cents, or 0.53%, at $63.79 a barrel by 1643 GMT. U.S. West Texas Intermediate crude was last down 73 cents, or 1.2%, at $60.21 a barrel, having earlier dropped more than $1 a barrel.

The Brent July futures contract is due to expire on Friday...

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