Oil slips on oversupply concerns after OPEC+ output plans

By Emily Chow and Ashitha Shivaprasad SINGAPORE (Reuters) -Oil prices slipped on Tuesday as investors read OPEC+'s decision to pause output hikes in the first quarter as a signal of oversupply in the market. Brent crude futures fell 37 cents, or 0.6%, to $64.52 a barrel by 0700 GMT. U.S. West Texas Intermediate crude was down 37 cents, or 0.6%, at $60.68 a barrel. On Sunday, the Organization of the Petroleum Exporting Countries and their allies, known as OPEC+, agreed to a small oil output increase for ...