Oil prices slipped Monday as the U.S. dollar strengthened and investors eyed concerns about weak demand in the physical market. Light, sweet crude for June delivery settled down 14 cents, or 0.2%, to $59.25 a barrel on the New York Mercantile Exchange. Brent crude, the global benchmark, fell 48 cents, or 0.7%, to $64.91 a barrel on the ICE Futures Europe exchange. The Wall Street Journal Dollar Index, which tracks the greenback against other major currencies, rose 0.3%. A stronger dollar makes oil, which is priced in dollars, more expensive for buyers using foreign currencies. Traders also considered weakness in the physical oil markets. Producers in West Africa, the North Sea and Azerbaijan are struggling to sell cargoes of oil in the spot market, even as the futures price for crude has rallied, said Morgan Stanley MS 0.99 % in a note. “The risks are growing that the commodity […]