Crude futures rose ahead of settlement in choppy trade on Monday, supported by a reported drawdown of U.S. oil inventories, potential European Union sanctions on Iran and possible OPEC production cuts. Brent crude settled up 3 cents at $66.79 a barrel, strengthening late in the session after earlier hitting a low of $65.27 a barrel. U.S. crude futures traded 30 cents higher at $56.76 a barrel in a session that saw swings in a $2 per barrel range. The market is struggling to find firm footing after a rout that has seen prices fall more than $20 a barrel since early October on global oversupply fears. “The market needs a steady drumbeat of negative pressure to move down further,” said Gene McGillian, director of energy research […]