Oil prices slip even after OPEC meeting advanced

SINGAPORE: Oil prices fell nearly 1% on Monday as traders hedged bets with the Organization of the Petroleum Exporting Countries (OPEC) considering meeting as soon as this week to discuss whether to extend record production cuts beyond end-June.

Brent crude fell 34 cents to $37.50 a barrel, in the first day of trading in the contract with August as the front month.