us and global benchmark crudeoil prices posted a gain on monday for the first time in four trading sessions the us debtceiling negotiations stand out as a significant risk for global crude prices both due to the potential for broader economic consequences as well as the importance of the us dollar’s value on crude pricing” said robbie fraser manager global research and analytics at schneider electric still optimism over a debtceiling deal as well as the potential repurchase of oil for the us strategic petroleum reserve provided support for oil june west texas intermediate crude clm23 rose 107 or 15 to settle at 7111 a barrel on the new york mercantile exchange