Oil prices slipped on Tuesday amid concerns that power outages and flooding in Louisiana after Hurricane Ida will cut crude demand from refineries at the same time global producers plan to raise output. The prices were also weighed down by weaker manufacturing data from China, where factory activity expanded at a slower pace in August compared with the previous month. read more U.S. West Texas Intermediate (WTI) crude futures were down 9 cents, or 0.13%, at $69.12 a barrel as of 0640 GMT, reversing some of Monday’s gains. Brent crude futures for October, due to expire on Tuesday, fell 8 cents, or 0.11%, to $73.33 a barrel, after gaining nearly 1% on Monday. The more active November contract was down 9 cents, or 0.12%, at $72.14 per barrel. “The oil market is in a wait and watch mode as both demand-supply impact of […]