Singapore - Oil prices were mixed in Asia on Monday with traders optimistic over falling US production, although they remain on edge as analysts warn of continued volatility.
US benchmark West Texas Intermediate for March delivery gained 15 cents to $52.93 while Brent for April fell 27c to $61.25 in mid-morning trade.
WTI jumped $1.57 and Brent crude gained $2.24 on Friday after data showed another drop in the number of oil rigs in operation in the United States.