** Shares of U.S. airlines rise as oil prices drop on expectations that OPEC+ producers could consider another increase in production targets in October

** Brent crude futures LCOc1 slip 1.4% to $67.61 a barrel and U.S. West Texas Intermediate crude CLc1 falls 1.6% to $64.54

** Shares of United Airlines UAL.O up 4.2%, while Delta Air Lines DAL.N climbs 4.1%

** Alaska Air ALK.N and Southwest Airlines LUV.N up 3.2% and 3.5%, respectively

** American Airlines AAL.O up 3.7%, while JetBlue Airways JBLU.O climbs 3.9%

** S&P Composite 1500 passenger airlines index .SPCOMAIR up 3.3%

** The index has dipped 0.8% so far YTD as of Tuesday's close

(Reporting by Niket Nishant in Bengaluru)

((Niket.Nishant@thomsonreuters.com))