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Oil prices dipped on Thursday as stock markets slid and as traders eyed an OPEC meeting expected to result in a supply cut aimed at draining a glut that has pulled down crude by 30 percent since October.
International Brent crude oil futures were at $61.35 per barrel at 0747 GMT, down 21 cents, or 0.3 percent from their last close.
U.S. West Texas Intermediate (WTI) crude futures were at $53.17 per barrel, down 28 cents, or 0.5 percent.
The Organisation of the Petroleum Exporting Countries (OPEC) is meeting at its headquarters in Vienna, Austria, on Thursday to decide its production policy in coordination with non-OPEC producer Russia.
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