Oil slips on US recovery fears

World oil prices weakened on Monday as recent weak economic data sparked fears about a recovery in the United States, analysts said. New York’s main contract, light sweet crude for November delivery, eased 29 cents to 69.66 dollars a barrel. Brent North Sea crude for November delivery dropped 35 cents to 67.72 dollars a barrel. “A slew of economic data (last week) rekindled worries over the prospects of a recovery in the United States,” said JBC Energy analysts in a note to clients.