U.S. oil prices fell to around $56 a barrel after the OPEC Plus cartel said it would bring more oil to market.

Key Takeaways Oil prices dropped Monday, as the Organization of the Petroleum Exporting Countries and its allies agreed to boost output again in June.OPEC+, a grouping led by Saudi Arabia and Russia,

Oil prices on the New York exchange fell following the decision by the OPEC+ oil cartel to increase crude supply. This increase in supply comes at a time when global energy demand is weakened by the trade war initiated by U.