Oil Prices Drop to Multi-Month Lows as OPEC+ Plans to Unwind Cuts

Brent and WTI crude futures fall amid concerns over rising supply and weakening demand.

Brent crude drops below $80 per barrel for the first time since February.
WTI crude falls over 3%, hitting a near-four-month low.
OPEC+ to extend most production cuts until 2025 but will phase out some voluntary cuts starting in October.
Investors worry about the impact of high interest rates and weak U.S. demand on oil prices.
U.S. gasoline prices decline, with further data on fuel consumption expected soon.