Oil prices moved slightly higher after OPEC+ agreed to continue with a cautious increase in production for July. The decision signaled that the group is still managing supply carefully rather than opening the taps all at once.

Brent crude climbed 0.4% to $78.45 a barrel, while U.S. West Texas Intermediate rose 0.3% to $74.90. Traders appeared to focus on the limited scale of the planned increase, which left the market with less new supply than some had expected.

The latest move reflects OPEC+'s broader strategy of gradual output adjustments as members balance price support against the risk of oversupplying the market. For now, the modest hike suggests the alliance is still trying to keep the market steady.

Energy markets will continue watching whether demand trends, inventory levels and future OPEC+ decisions push prices higher or cap recent gains. The group’s next moves will help shape the tone for crude trading in the weeks ahead.