London: Oil prices edged lower on Tuesday as expectations of higher output from OPEC and its allies outweighed optimism surrounding renewed trade talks between the United States and China.

Brent crude futures were trading near 65.6 dollars a barrel, while U.S. West Texas Intermediate hovered around 61.3 dollars. The dip followed reports that the OPEC+ alliance, which includes major producers such as Saudi Arabia and Russia, plans a modest increase in output later this year.

Sources close to the group said member nations are leaning toward another small production hike in December, estimated at about 137,000 barrels per day. The move comes as the alliance continues to gradually unwind supply cuts that were put in place to stabilize prices during previous downturns.

Despite positive sig

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