New Delhi, Jan. 6 -- Oil prices declined on Tuesday as markets assessed the possibility of increased Venezuelan crude production after the U.S. captured the Latin American country's president, Nicolas Maduro, reinforcing expectations of abundant global supply this year amid a subdued demand environment.

Brent crude futures slipped 0.2% to $61.62 per barrel by 0103 GMT, while U.S. West Texas Intermediate fell 0.3% to $58.15 per barrel.

Experts told Reuters they see lifting of the U.S. sanctions on Venezuelan oil and an increase in supply, which could weigh on prices.

According to a source cited by Reuters, the administration of U.S. President Donald Trump is set to hold talks with American oil executives this week to explore ways to ram...