Oil settles mixed after hitting 7-week high on strong China outlook
Oil prices settled mixed on Monday, retreating as investors cashed in on a jump to a seven-week high on optimism about a possible recovery in demand of top oil importer China as the economy recovers this year from pandemic lockdowns.
Below is an instruction that describes a task. Write a response that appropriately completes the request.

### Instruction: Oil settles mixed after hitting 7-week high on strong China outlook

### Response: Oil prices settled mixed on Monday, retreating as investors cashed in on a jump to a seven-week high on optimism about a possible recovery in demand of top oil importer China as the economy recovers this year from pandemic lockdowns.