Oil futures dipped on Thursday, with U.S. crude retreating further from a one-month peak of almost $62 a barrel earlier this week, after Saudi Arabia said it was ready to raise output further to meet strong demand. U.S. crude prices hit a high of $61.82 a barrel earlier this week, their strongest since May 6, as firm demand and a stock drawdown lifted the market. But the rally was halted by a dimming global economic outlook as well as top crude exporter Saudi Arabia saying it was ready to increase its oil output in the coming months to a new record to meet a rise in global demand. Front month U.S. crude CLc1 had fallen 25 cents to $60.52 a barrel by 0035 GMT. Brent futures LCOc1 were down 29 cents at $64.82 a barrel. (Reporting by Henning Gloystein ; Editing by Ed Davies )