(MarketWatch) -- Crude oil for September delivery CLU3 -0.47% - TopicsExpress

(MarketWatch) -- Crude oil for September delivery CLU3 -0.47% pulled back 38 cents, or about 0.4%, to settle at $106.56 a barrel on the New York Mercantile Exchange. Traders digested news about Libya resuming some oil production as well as better-than-expected data on the U.S. services sector. Oil had traded as low as $105.70 early Monday but trimmed losses after the Institute for Supply Management said its services index climbed to 56.0% last month, beating expectations.

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