Oil prices settled with a loss on Monday, giving back part of the sharp gains seen in the previous session as recent data showed a rise in weekly U.S. output, as well as expectations for a further increase in domestic production next month. In a monthly report issued Monday, the Energy Information Administration forecast a monthly rise of 131,000 barrels a day in April U.S. oil production. April West Texas Intermediate crude fell 68 cents, or 1.1%, to settle at $61.36 a barrel on the New York Mercantile Exchange.
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