Oil down but off lows as Kuwait strike offsets failed output freeze

By Barani Krishnan NEW YORK (Reuters) - Oil prices slid on Monday after a plan by major oil producers to freeze production was scuttled, but a Kuwaiti oil industry strike still helped the market to settle way off the day's lows. The strike crippled more than 60 percent Kuwait's crude output, lending support to price benchmarks such as Brent and Dubai.