Oil slipped to around $64 a barrel on Monday as rising supply from OPEC+ and higher Iranian output countered signs of a strong economic rebound in the United States and hopes for a wider demand recovery in 2021. The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, agreed on Thursday to monthly production hikes from May to July. Iran is also boosting supply. [OPEC/O] Brent crude for June fell 96 cents, or 1.5%, to $63.90 a barrel by 0905 GMT. U.S. West Texas Intermediate crude for May dropped 62 cents, or 1%, to $60.83. “The OPEC+ decision, perhaps nudged along by increasing Iranian production heading to China, probably means we have seen the best of the oil rally now for the next few […]