Crude oil lost close to one percent on Tuesday, due to increased supply from the Organization of the Petroleum Exporting Countries and its allies (OPEC+) and fears of weaker global demand.

Those elements countered concerns over U.S. President Donald Trump’s threats to India over its purchases of Russian crude.

OPEC+, agreed on Sunday to increase pumping by 547,000 barrels per day (bpd) for September, a move that will end its most recent production cut ahead of schedule.

Brent futures declined 70 cents, one percent, to $68.06 a barrel, and West Texas Intermediate futures subtracted 79 cents, 1.2 percent, to $65.5. Both contracts fell more than one percent on Monday to settle at their lowest level in a week.

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