Oil on Monday shrugged off the impact of OPEC+ hiking output more than expected for August as well as concern about the potential impact of US tariffs, with prices rising as a tight physical market lent support.
The Organization of the Petroleum Exporting Countries and their allies, a group known as OPEC+, agreed on Saturday to raise production by 548,000 barrels per day in August, more than the 411,000 bpd
