Oil steady after hitting three-week high

LONDON (Reuters): Oil slipped on Monday but still held close to its highest since early February, supported by comments from Saudi Arabia that it would continue to curb shipments in line with the OPEC-led effort to cut global supplies.

Brent crude was down 17 cents at $67.14 a barrel at 1258 GMT, after rising almost 4% last week. U.S. West Texas Intermediate crude was down 3 cents at $63.52 a barrel after rising 3% last week.

Both contracts earlier rose to their highest since Feb. 7.