Oil slips as higher U.S. output looms despite dip in drilling:
"Oil prices gave up earlier gains on Monday as rising U.S. output loomed over markets, despite a slowdown in rig drilling activity.
U.S. West Texas Intermediate (WTI) crude futures were at $61.91 a barrel at 0755 GMT, down 13 cents, or 0.2 percent.
Brent crude futures were at $65.38 per barrel, down 11 cents, or 0.2 percent, from their previous close. "
'via Blog this'
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