Oil pulls back from overnight highs, settles higher amid Middle East tensions

摘要

Oil futures settled in the black Monday after steadily retreating from overnight highs as markets found resistance to higher prices in light of a lack of supply threats amid rising Middle East tensions. ICE March Brent settled up 31 cents at $68.91/b, and NYMEX February WTI was up 22 cents at $63.27/b at market close.