Mumbai, Jan. 21 -- Crude oil futures slipped more than 1% to trade below $59.5 per barrel in Asian hours, giving up recent gains as traders turned cautious ahead of the IEA's monthly report for clearer global supply-demand cues. While prices were earlier supported by the Greenland geopolitical flare-up and an unplanned outage at a major Kazakhstan oilfield, fears of an escalating US-EU trade war capped upside momentum. A softer US dollar offered some downside support, with the dollar index easing near 98.5 for a third straight session amid rising geopolitical tensions. On the domestic front, MCX February crude oil futures traded marginally lower by 0.2% at Rs.5,504 per barrel, as participants awaited API and EIA weekly inventory data for fr...