Oil prices fell Friday as traders braced for higher crude production and disruption to global trade. West Texas Intermediate futures fell 2.7% to $65.06 a barrel at the New York Mercantile Exchange. Brent crude, the global oil benchmark, was down 3.3% at $73.44 a barrel on London’s ICE Futures exchange. Oil prices have eased from more than three-year highs in June on bets that the Organization of the Petroleum Exporting Countries and its allies will decide to raise production at a meeting next week. Curbs to output have been in place since January 2017. Oil pump jacks in Lagunillas, Venezuela. An economic crisis in Venezuela has crippled its oil production. Photo: isaac urrutia/Reuters The Trump administration’s decision to proceed with tariffs on $50 billion worth of Chinese goods—sparking retaliation from Beijing—also pressured prices, as traders bet the dispute threatened demand. “If there’s any impact on the global economy from […]