The Wall Street Journal� |�Christopher Alessi: Oil prices declined Tuesday as rising output from OPEC and Russia outweighed signs of declining U.S. oil inventories and production.

Light, sweet crude for September delivery fell 2% to $68.76 a barrel on the New York Mercantile Exchange. Brent crude, the global benchmark, shed 1.1% to $74.25 a barrel.

Read more here