Reuters | Oil slips 1 percent as rising output faces weak demand worries Reuters NEW YORK Oil slipped more than 1 percent on Monday, as rising crude output with Libya hitting its highest production since 2014 and increased U.S. drilling countered OPEC-led production cuts aimed at clearing a supply glut. Signs of slower-than ... Oil slips below US$52 as U.S. drilling, China worries weigh |