WTI oil futures on the Nymex keeps moderate gains in the European morning, recovering from losses seen on Friday, amid ongoing conflicts in Yemen and Iran which supports oil prices. Currently, WTI trades 0.27% higher at 60.71, although remains in a narrow range. Oil prices edged higher this session as looming geopolitical conflicts managed to lift oil prices. However the upside remains restricted as the oil markets remained well supplied and the greenback rebounded. The dollar index, a virtual gauge of the US dollar against its major rivals staged a solid comeback and now trades 0.11% higher at 93.40 levels. Meanwhile, analysts at ANZ noted "US oil producers' readiness to reactivate wells will cap crude oil prices in the short term." WTI oil has an immediate resistance which stands at 62 levels above which gains could be extended to 63.50 levels. Meanwhile, support is seen at 58 levels from here losses could be extended to 56.50 levels.