Oil Strengthens

Oil StrengthensOil Strengthens

Brent for February settlement gained 65 cents to $60.10 a barrel on the London-based ICE Futures Europe exchange on Monday. The contract declined 79 cents to close at $59.45 on Dec. 26, capping a fifth weekly loss. The amount of trading was 61 percent below the 100-day average for the time of day, Bloomberg reported.