Oil fell more than one percent, affected by the decision of the OPEC + group to increase supplies after the collapse of an earlier agreement due to opposition from the UAE.
Brent crude fell by one percent, or 1.4 percent, to record 72.59 a barrel in Asian trading, after losing nearly three percent earlier.
US crude fell 94 cents, or 1.3 percent, at $70.87 a barrel, after falling nearly 4 percent in the past.
The group, which includes OPEC countries and allies such as Russia, agreed decisively on new production quotas from May 2022 after Saudi Arabia and other countries agreed to request From the Emirates.
