Oil prices slipped Monday on a stronger dollar and expectations of increased production. U.S. crude for September delivery recently fell $1.33, or 2.7%, to $47.19 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, fell $1.54, or 3%, to $49.34 on ICE Futures Europe. Prices have risen for three straight weeks on optimism that the Organization of the Petroleum Exporting Countries could agree to freeze production at an informal meeting in September. But many analysts are skeptical that a deal can be reached , or that an output freeze at already-high production levels would help reduce the oversupply of crude. The dollar rose Monday against other major currencies on increased expectations that the U.S. could raise interest rates this year. The WSJ Dollar Index recently traded up 0.2%. A stronger dollar can make oil, which is priced in dollars, more expensive for buyers using other […]