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Oil slips on strong dollar as key OPEC meeting looms

Reuters  |  NEW YORK 

By Ayenat MersieNEW YORK (Reuters) - Oil prices slipped on Thursday, pressured by a strengthening dollar, rising U.S. crude production, and expectations that the Organization of the Petroleum Exporting Countries could decide to increase output at their meeting next week.Brent crude oil lost 82 cents to trade at $75.92 a barrel by 11:32 a.m. (1532 GMT), while West Texas Intermediate crude slipped 24 cents to $66.40.Brent and WTI hit 3-1/2-year highs in May but have since drifted lower, indicating investors expect the market to soon become better supplied as U.S. crude production rises and as ...

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First Published: Thu, June 14 2018. 21:27 IST