Despite concerns about disruptions in Canadian supplies and uncertainty around Iran, oil quotations are showing a correction. The pressure is exerted by the increase in OPEC+ production volumes, which restrains the price growth. Benchmarks Brent and WTI returned to decline, even despite the temporary surge caused by forest fires in Canada. Analysts note that the futures curve points to oversupply in the future. Forecasts of slowing global growth reinforce bearish sentiment: trade conflicts undermine the demand outlook for commodities, including oil.Technically, quotations faced resistance in the range of $63.40-64.80, which we wrote about on Monday.