Oil slips to $61 on OPEC+ doubts, US inventories in view
LONDON: Oil slipped to around $61 a barrel on Tuesday, falling for a second day, pressured by expectations of a rise in U.S. crude inventories and doubts that OPEC and its allies will cut oil output further in December.
U.S. crude inventories are forecast to rise around 700,000 barrels in weekly supply reports, the first of which is due at 2030 GMT from the American Petroleum Institute (API).
Russia’s deputy energy minister said it was too early to talk of deeper output cuts by OPEC and its allies.
