Oil Dips Near $61 With Traders Weighing Uneven Demand, OPEC Cuts - Bloomberg

Oil Dips Near $61 With Traders Weighing Uneven Demand, OPEC Cuts - Bloomberg

PRICES:
WTI for May delivery fell 42 cents to $61.14 a barrel at 10:10 a.m. London time Brent for May was down 0.5% at $64.67

Oil dipped toward $61 a barrel in New York, following two days of gains, as traders weighed risks to the demand recovery ahead of OPEC+’s ministerial meeting this week.

West Texas Intermediate slid 0.7% after closing Monday at the highest in almost two weeks. While fuel consumption is rising in many parts of the world, risks remain, with the head of the U.S. Centers for Disease Control and Prevention warning of “impending doom” as cases and deaths in the country pick up.