U.S. stock-market futures declined as the Trump administration said a broad swath of tariffs against U.S. trade partners won’t take effect until Aug. 1, rather than July 9.

Members to raise production by 548,000 bpd in August, reversing cuts faster than expected; S&P says supply will outstrip demand by 1.2 million bpd in H2 2025.

Oil prices experienced a dip of over 1% on Monday following OPEC+'s unexpected decision to increase output more than anticipated in August, sparking concerns about a potential oversupply. The group agreed to raise production by 548,