Oil Slips Nearly $2 Despite Nigeria, Venezuela Supply Plans

NEW YORK — Oil fell 3 percent to $61 a barrel Monday as healthy fuel inventories in top consumer the United States countered plans by OPEC members Nigeria and Venezuela to trim output.

U.S. crude settled down $1.88 at $61.03 a barrel, after dipping as low as $60.90 after BP said it had restarted production at the Lisburne oil field in Alaska over the weekend. London Brent dropped $2.03 to $60.45. story continued