UPDATE 8-U.S. oil prices dip on demand worries

* OPEC expects demand to stay weak

* U.S. July 4 holiday gasoline demand down 4.3 pct

* U.S. crude stocks set to fall for a 6th straight week (Updates prices with settlements)

By Richard Valdmanis

NEW YORK, July 14 (Reuters) - U.S. oil prices dipped on Tuesday as dealers worried a slow and bumpy economic recovery could delay a rebound in ailing world energy demand.

U.S. crude CLc1 fell 17 cents to settle at $59.52 a barrel, extending a decline that shaved 11 percent from the price last week.

The loss came after data showed disappointing U.S. consumer spending in June alongside a larger-than-expected increase in producer prices -- a reflection of inflation. [ID:nN14252432]

London Brent crude LCOc1 rose 17 cents to $60.86 a barrel.

Adding gloom to the economic outlook, the Organization for Economic Cooperation and Development said developed countries are expected to lose nearly 30 million jobs between the end of 2007 and the end of 2010. [ID:nSPG002413]