Crude futures settled at five-year lows Monday, as the market brushed aside continued fires at Libya’s largest oil terminal, as persistent oversupply concerns led the oil complex lower. NYMEX February crude closed down $1.12 at $53.61/b. ICE February Brent settled $1.57 lower at $57.88/b. Both settlements represented lows not seen for front-month contracts since May 2009. In refined products activity, NYMEX January ULSD futures settled 5.88 cents softer at $1.8491/gal. NYMEX January RBOB ended the session 5.59 cents lower at $1.4528/gal. Article continues below… Oilgram Price Report is a daily report that covers market changes, market fundamentals and factors driving prices. Oilgram Price Report also brings a vast array of Platts international prices for crude and products, netback tables, and market critical data. Three crude storage tanks at the Es Sider terminal remained on fire Monday following attacks December 25 by Islamist militias […]