Oil prices were mixed Monday, with the U.S. benchmark edging up to a seven-week high and the global benchmark falling, as investors paused after last week’s rally. U.S. crude futures for October delivery settled up 2 cents, or 0.04%, at $49.91 a barrel on the New York Mercantile Exchange—their highest settlement since July 31. The more actively traded November contract fell 9 cents to $50.35 a barrel. Brent, the global benchmark, snapped a five session winning streak, falling 14 cents, or 0.25% to $55.48 a barrel. Prices were buoyed last week by data showing tightening supplies. But analysts said investors will need more convincing for the U.S. benchmark to push above the $50 mark and stay there. “I think that we need to see a drumbeat of positive information to drive the market higher,” said Gene McGillian, research manager at Tradition Energy. Hurricane Harvey, which shuttered refineries in Texas, […]