Oil prices settle lower as traders assess impact of winter storm on production

HOUSTON, Jan 26 (Reuters) – Oil prices settled slightly lower on Monday after climbing more than 2% in the previous session as investors assessed the impact on output in U.S. crude-producing regions from winter storms and the impact of any tensions between the U.S. and Iran.

Brent crude futures closed down 29 cents, or 0.4%, at $65.59 a barrel, while U.S. West Texas Intermediate crude was down 44 cents, or 0.7%, at $60.63.