Oil futures made mild gains amid a volatile session on Monday, but prices turned lower again after the close of ofocial trading as concerns over supply tightness battled with demand worries and the prospect of more hawkish monetary policy. In London, Brent crude for August delivery settled 26￠ higher at ff122.27 per barrel. In New York, July West Texas Intermediate (WTI) on Nymex also climbed by 26￠ to close at ff120.93/bbl, while the August contract ended the session up 23￠ at ff118.25/bbl.
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