Energy
Oil prices dip on mixed supply and demand outlook
- Brent crude futures for June fell 32 cents, or 0.32%, to $62.88 a barrel.
- Both contracts are on track for a 2%-3% drop this week but still far from a low of $60.47 hit two weeks ago. Exerting downward pressure is the decision by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, to increase supplies by 2 million barrels per day between May and July.