Oil prices fell from three-month highs on Monday. Prices were lower on expectations of mild US weather.
New Delhi: Crude oil prices were dragged down by mild US weather that has cut deeply into demand for heating fuels.
US light sweet crude settled down 71 cents to $63.50 a barrel, dropping from a high of $64.61 per barrel, earlier in the session on the back of simmering tensions in the Middle East.
Oil producer Iran was also causing concern as Tehran confirmed it would resume research on nuclear fuel.
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