Oil eases to $54.49/bbl

Global crude oil prices cooled off on Monday, after rising sharply in the last few trading sessions. While the Nymex U.S. light crude oil for July delivery dipped 54 cents to $54.49 a barrel, the Brent crude slipped 36 cents to close at $53.80 per barrel.

In the commodity segment, the Comex gold rose $.260 to settle at $428.40 an ounce.