Oil prices slip as OPEC mulls output hike, U.S. stocks build - Reuters

Oil prices slip as OPEC mulls output hike, U.S. stocks build - Reuters:

Oil prices fell on Thursday after sources said OPEC may raise output from July if Venezuelan and Iranian supplies fall further and prices keep rallying.

Rising U.S. crude stockpiles also dragged U.S. futures down by more than $1 a barrel. West Texas Intermediate (WTI) crude fell $1.03 to settle at $63.58 a barrel.

Global benchmark Brent settled at $70.83 a barrel, down 90 cents.