Oil prices dipped in early Asian trade on Monday as rising production in the Middle East outweighed falling U.S. output and the recent slide in the dollar, which has been supporting crude. Brent futures LCOc1 were trading at $47.05 per barrel at 0028 GMT () on Monday, down 32 cents from their last settlement. U.S. crude CLc1 was down 28 cents at $45.64 a barrel. Analysts said rising output from the Organization of the Petroleum Exporting Countries (OPEC) and especially the Middle East was outweighing supportive factors such as an ongoing, albeit slow, fall in U.S. output and a sliding dollar, which makes it cheaper for countries using other currencies to import dollar-traded fuel. “The weaker dollar failed to excite investors in the crude oil markets,” ANZ bank said, citing a […]