Brent crude futures slipped 35 cents, or 0.3%, to $111.28 a barrel at 0016 GMT, having jumped 2.4% on Friday. U.S. West Texas Intermediate (WTI) crude futures similarly dropped 32 cents to $108.11 a barrel. OPEC output in June fell 100,000 barrels per day (bpd) to 28.52 million bpd – a long way off their pledged increase of 275,000 bpd. Libya faces further supply disruption due to escalating political unrest. A planned strike by Norwegian oil and gas workers this week could cut the country’s oil and condensate output by 130,000bpd. Traders will be watching out for official prices for August from Saudi Arabia for signs of how tight the market is. . . .
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