Oil prices fell today by more than $1/bbl as skepticism about an OPEC+ decision to boost supply later this year weighed on markets. “My base case is that the market is over-reacting to the OPEC announcement,” said Phil Flynn with Price Futures Group. The planned October unwinding adds jitters about oversupply in an environment where traders are already spooked about high interest rates hampering global economic activity. A steady flow of dim signals from major economies such as the U.S., China and Europe suggest that their appetite for oil may not be as healthy as hoped through the rest of the year. WTI traded down $.97 or -1.31% to close at $73.25. Extending loses from a four month low reached Monday, Brent traded down $.84 or -1.07 to close at $77.52.