Oil Price Slid a Bit

Oil price was little changed on Monday, holding last week's gains while traders waited for further signs of OPEC's compliance with output curbs and kept a close eye on Saudi oil facilities amid heightened security activity.

U.S. light, sweet crude for December delivery was down 7 cents a barrel at $60.68 in Globex electronic trading by 0750 GMT after gaining 39 cents on Friday, when news of a possible threat against a key Saudi export terminal spooked traders.

Brent crude eased 12 cents to $60.96 a barrel.

The U.S. December contract rose 2.4 percent last week as some OPEC members began to implement output cuts, U.S. crude stocks fell sharply and chilly winter weather made an early appearance, helping revive prices from a 2006 low of $56.55 on October 20.