Oil dips as demand worries outweigh tighter supply

SINGAPORE (Reuters) - Oil prices slid on Monday as concern grew that a record rise in coronavirus infections worldwide could stall a recovery in fuel demand, outweighing tighter supplies from major producers.Brent crude fell 11 cents, or 0.3%, to $42.03 a barrel by 0505 GMT, while U.S. crude was at $39.69 a barrel, down 14 cents, or 0.4%.Both contracts rose about 9% last week and Brent crude futures have flipped into backwardation, so that oil for immediate delivery costs more than that to be..