Crude slipped as investors ignored a broader market surge that pushed equities to record highs and focused instead on looming new supply from OPEC+ (Bloomberg) — Crude slipped as investors ignored a broader market surge that pushed equities to record highs and focused instead on looming new supply from OPEC+. Futures in New York fell 1.3% on Monday in the wake of thin trading volumes. Russia’s deputy prime minister said the nation plans to support a further gradual increase in OPEC+ production at the group’s next meeting in January because crude prices are within an optimal range. The alliance already plans to return 500,000 barrels a day of output to the market from next month. Equity markets advanced after U.S. President Donald Trump signed a bill containing $900 billion in pandemic relief, which also bodes well for oil consumption in 2021. But rising worldwide coronavirus infections, and related travel […]