By Biman Mukherji
--The spread between U.S. and global oil futures continued to narrow Monday, with WTI hitting fresh three-year highs and Brent pulling back slightly.
--March light, sweet crude on the New York Mercantile Exchange was recently up 0.8% at $66.36 a barrel in the Globex trading session while Brent fell 0.1% to $70.43.
--Phillip Futures said investors could sit on the sidelines and await more data after the number of active U.S. oil rigs jumped last week by the most since March.
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