Oil prices dipped on Monday on worries about oversupply in North America, with Brent futures testing support around $60 a barrel and U.S. contracts hovering around $50.70. After an initial rise on Monday along with global markets on optimism that another euro zone crisis over Greek debt had been averted for now, prices began dipping as analysts said crude markets remained oversupplied, especially in the United States, where inventories are at record highs. Benchmark U.S. WTI crude futures were trading down 9 cents at $50.72 a barrel by 0745 GMT. Brent crude was trading 5 cents lower at $60.17. Several banks on Monday said they expected prices to keep falling. “We expect prices to head back below $50/bbl in the coming weeks, with a target of $43/bbl over the next 2-3 months,” ANZ said. Barclays also said the market would weaken again in the near future. […]