Oil slips towards $66 as India offsets demand hopes elsewhere

Oil slips towards $66 as India offsets demand hopes elsewhere

LONDON- Oil dropped towards $66 a barrel on Monday as concern about demand in India and higher OPEC+ supply offset optimism over a strong demand rebound in countries including the United States and China.

India on Monday reported more than 300,000 new coronavirus cases for a 12th straight day. The new wave of the virus has already led to a drop in fuel sales in the world's third-largest consumer in April.