Oil prices dipped on Tuesday due to weaker manufacturing numbers and a stronger dollar. OPEC+ decision to halt output hikes in Q1 2022 hints at concerns of a potential supply glut. Brent crude fell 0.5% to $64.58, while WTI was down 0.5% at $60.72.

A stronger U.S. dollar, hitting a four-month high against the euro, impacts oil prices. Wall Street indexes drop to one-week lows amid warnings of a market selloff from U.S. banks.

The U.S. government shutdown, now in its 35th day, matches a record for the longest in history. Food assistance halted, federal workers unpaid, and limited government reporting affecting the economy.

Japan’s manufacturing activity shrinks in October at the fastest pace in 19 months. OPEC+ agrees to a small oil output increase for December and a pause in Q1 2022.

U.S. sanctions on Russian energy companies Lukoil and Rosneft are losing their impact. Market awaits U.S. inventory data from API, with expectations of a rise in crude oil stockpiles.

Read more at Yahoo Finance: Oil slips on stronger dollar, oversupply fears