Oil prices dip on dollar strength, macroeconomic concerns

By Devika Krishna Kumar NEW YORK (Reuters) - Oil prices edged slightly lower on Monday, pressured by a strong U.S. dollar and gloomy economic prospects in Europe and Asia, but supported by ongoing supply outages in Nigeria. The Organization of the Petroleum Exporting Countries said its production fell by 100,000 barrels per day (bpd) in May led by Nigeria. The dollar has risen about 1.4 percent from June lows, lifted by Brexit worries, concerns about Asia and nervousness about a potential U.S. r