Oil futures dipped in a late-session selloff to settle mixed on Monday as the market continued to digest the impact of US sanctions on Iran while also eyeing a potential stock build last week.

The first cargo from Nigeria's newest oil field Egina will be exported in January.

NuStar, a liquids terminal and pipeline provider, is ramping up its project inventory, including truck and rail projects in the Permian Basin.

Market participants said medium grades would take a hit if additional supply emerges from waiver of Iran sanctions.

Scrubbers momentum continues to build in the run up to 2020.

He will be based in Singapore and will head the credit team globally.