Oil prices mixed on lack of leads

Oil prices settled mixed on Monday as crude output outlook remains unclear.

Analysts said there were few headlines to influence the market and that investors are still unsure whether an increase in U.S. shale production would offset the output cut from the Organization of Petroleum Exporting Countries (OPEC) in the next six months.

The West Texas Intermediate for January Delivery added 0.22 dollars to settle at 52.12 dollars a barrel on the New York Mercantile Exchange, while Brent crude for February delivery dropped 0.29 dollars to close at 54.92 dollars a barrel on the London ICE Futures Exchange. Enditem