LONDON—Oil prices dipped on Monday after weak economic data from top consumers the United States and China, although expected crude supply cuts from Saudi Arabia and Russia limited losses.
Brent crude futures fell 40 cents, or 0.5 percent, to $78.07 a barrel by 1005 GMT, and U.S. West Texas Intermediate crude was also off 40 cents, or 0.5 percent, at $73.46 a barrel,
