Oil prices fell Monday after data showed that stockpiles rose at a key U.S. storage hub, but largely sustained robust gains from last week that have been driven by escalating geopolitical risks. U.S. crude futures fell 33 cents, or 0.5%, to $65.55 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, fell 33 cents, or 0.47%, to $70.12 a barrel on ICE Futures Europe. Oil prices paused after posting strong gains last week. Brent on Friday closed above $70 a barrel for the first time since late January, while both crude benchmarks experienced their biggest weekly gains since July. ”WTI and Brent both came within 25 cents of their highs for the year before pulling back, which may be close enough to consider this leg of the rally complete,” analysts at TAC Energy said Monday. Data provider Genscape Inc. said inventories at the Cushing, Okla., crude […]