Crude Oil prices ease lower on profit-taking

Crude oil prices easing lower on profit-taking after WTI Nymex crude oil fails to break above $63.00 level.

However, prices are seen underpinned by geo-political tensions between Iran and the West after the UN Security Council announced new sanctions against Iran on Saturday and following news that 15 Royal Navy personel were seized by Iranian naval vessels on Friday.

WTI Nymex crude oil is at $62.78, up 54 cents.