Oil prices decline, on track for third month of losses

Oil prices slipped as both supply and demand factors weighed on the market — a stronger U.S. dollar and ample output from major producers dampened gains even after geopolitical shocks. Brent crude futures fell to about $64.64 a barrel while U.S. WTI crude traded near $60.14, both marking a potential third consecutive monthly decline. Weak manufacturing data from key regions further added to the pressure. Market watchers said the outlook for oil may remain subdued unless there is a meaningful shift in demand or supply disruptions.