U.S. oil prices give back nearly all of last week's gains

U.S. oil futures fell Monday, giving back nearly all of last week's gain as prices tracked a drop in the stock market. Analysts said, however, that the potential for supply disruptions amid tensions between Saudi Arabia and Iran limited losses for oil, along with sliding crude production in Venezuela. April West Texas Intermediate crude CLJ8, +0.85% fell 28 cents, or 0.5%, to settle at $62.06 a barrel on the New York Mercantile Exchange. It had gained 0.5%, or 30 cents, a barrel last week after posting a rise of 1.9% on Friday.