Oil prices declined after OPEC+ decided to increase production in August by more than half a million barrels per day - above the expected level. This signals the willingness of the alliance members to compete more actively for market share, even to the detriment of prices. Additional pressure on quotations was exerted by the continuing uncertainty about U.S. tariffs and their impact on the global economy.At the same time, Saudi Arabia increased the selling price of oil for Asia, which the market perceived as a factor signaling confidence in demand. In addition, some analysts note that the actual growth of supply is still behind the planned levels.Against the background of mixed signals, the price, although it remains within a fairly narrow range, the market shows a tendency to rise: at the moment, after growth above the upper boundary of the range $64.50-66.00, the price has corrected and is testing this area. Buyers' activity may resume. However, much this week will depend on the situation around the US tariff policy.