Oil prices slipped in Asian trade on Monday, wiping out some of the gains of the previous session amid ongoing concern over Russia’s compliance with a global deal to cut oil output. Figures released last week showed Russia’s February oil output was unchanged from January at 11.11 million barrels per day (bpd), energy ministry data showed, casting doubt on Russia’s moves to rein in output as part of a pact with oil producers last year. U.S. crude futures, also known as West Texas Intermediate (WTI), fell 19 cents, or 0.3 percent, to $53.14 a barrel as of 0109 GMT (8:09 p.m. ET on Sunday) after closing the previous session up 1.4 percent. Brent crude futures dropped 13 cents, or 0.2 percent, to $55.77 a barrel after settling 1.5 percent in the […]