Oil down nearly 1 percent on bets OPEC will not cut output

Crude oil futures fell almost 1 percent on Tuesday on bets OPEC will not cut output to stem a supply glut when the world's biggest oil producers meet in Vienna later this week, although a rally in U.S. gasoline and a weak dollar limited losses. Traders and investors await a report later on Tuesday from industry group American Petroleum Institute, which could show a decline in U.S. oil stockpiles last week. Trading in crude was sluggish ahead of Friday's meeting of the Organization of the Petrole