Oil slips below $61 as weak demand outlook weighs - Reuters:
Oil slipped below $61 a barrel on Thursday as concern over the demand outlook offset a surprise drop in U.S. crude inventories and the prospect of further action by OPEC and its allies to support the market.
In the latest sign of economic weakness that has prompted lower oil demand projections, employment in Germany’s private sector fell for the first time in six years in October, a survey showed on Thursday.
Brent crude LCOc1 fell 39 cents to $60.78 a barrel by 0844 GMT, having risen 2.5% on Wednesday and touched its highest since Sept. 30.
U.S. West Texas Intermediate (WTI) crude CLc1 was down 45 cents at $55.52.
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