By Joe Brock LONDON (Reuters) - Oil prices fell nearly 3 percent below $61 a barrel on Tuesday as a firmer dollar and renewed gloom over the global economy wiped out Monday's boost from China's stimulus plan. Withering global stock markets and a rising dollar focused investors' attention away from China's $600 billion economic aid package. U.S. light, sweet crude for December delivery fell $1.72, or 2.76 percent, to $60.69 a barrel by 0943 GMT. London ICE Brent crude fell $1.76 to $57.32. "I think people got a little carried away yesterday with the Chinese fiscal package and the impact it may have on oil prices and after a morning rally reality set in," said Robert Laughlin at MF Global in a research note on Tuesday. The dollar climbed on Tuesday as a dismal outlook for U.S. companies dampened investors risk appetite and supported the dollar and the yen, which traditionally benefit from an environment of risk aversion. World stock markets slumped with European stocks tracking losses in the U.S. and Asia as fears of a widespread recession eclipsed optimism over China's stimulus package. On Monday, oil prices closed 2 percent higher, recovering from a mid-session fall of $59.10 a barrel, the lowest in nearly 20 months. Oil has shed 60 percent of its value since hitting a record high $147 in July. In the United States, the latest weekly inventory data is likely to show rising stockpiles as demand remains weak, traders and analysts said. Crude oil stocks were expected to have risen by 800,000 million barrels last week, while distillate stocks should rise by 500,000 million barrels and gasoline by 800,000 million-barrels, a preliminary poll of analysts showed. The data will be released on Thursday this week, a day later than usual due to Tuesday's national holiday. (Additional reporting by James Topham and Jonathan Leff; Editing by William Hardy)

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