* Libyan clashes, firmer Wall St, weaker dollar help oil
* Traders reassess Venezuela's bid to talk up output freeze
* U.S. crude stocks likely rose 2.3 mln bbls last week -Rtrs poll
* Saudi July exports at 7.622 mln bpd, up vs June's 7.456 mln
* Gasoline down nearly 3 pct on profit-taking (New throughout, updating market activity and comments to settlement)
By Barani Krishnan
NEW YORK, Sept 19 (Reuters) - Oil rallied on Monday before settling off its highs on skepticism over Venezuela's bid to talk up a potential OPEC output freeze and on indications U.S. crude stockpiles had risen last week.
Clashes in Libya that foiled a restart of crude exports from key ports, along with higher equity prices on Wall Street and a weaker dollar, helped oil end higher.
U.S. gasoline futures RBc1 tumbled nearly 3 percent as players booked profit on a 9 percent rally sparked by a leak on a key gasoline pipeline on Sept. 9. Pump prices in the southeast have jumped as well as Colonial Pipeline Co tried to fix a more-than-week long disruption. crude futures LCOc1 settled up 18 cents, or 0.4 percent, at $45.95 a barrel. It rallied more than 2 percent earlier, reaching $46.93.
U.S. West Texas Intermediate (WTI) crude futures CLc1 closed up 27 cents, or 0.6 percent, at $43.30. The session high was $44.15.
Last week, Brent hit a two-week low of $45.48 and WTI fell to a five-week low of $42.74 on concerns about oversupply with more deliveries from Libya and Nigeria. Monday's trade, oil initially rallied on reports that clashes in Libya halted the loading of the first oil cargo from the port of Ras Lanuf at the weekend. A port official, however, said loading was due to start late afternoon. boosting the markets early was Venezuelan President Nicolas Maduro's remarks on Sunday that the Organization of the Petroleum Exporting Countries and other major oil producers were close to reaching a deal on price stability. producers are to meet Sept 26-28 on the sidelines of an industry conference in Algeria for talks on potentially freezing oil production, ahead of OPEC's all-important policy meeting in November. L8N1BU0GF
But by the close, oil pared much of its advance as the market turned skeptical of OPEC's commitment to an output freeze, especially with key members of the group boosting exports while talking of a production deal.
Saudi crude exports rose in July to 7.62 million barrels per day from 7.46 million bpd in June, data on Monday showed. Reuters poll, meanwhile, showed U.S. crude stockpiles likely rose 2.3 million barrels last week, after back-to-back declines in two previous weeks. EIA/S
OPEC Secretary-General Mohammed Barkindo hinted at the weekend that if a freeze deal was not achieved next week, the group may shoot for one at its November summit.
"The agency's Sec Gen appears to be sending off signals that the talks will be informal and unlikely to result in a decision to restrain output," said Jim Ritterbusch of Chicago-based oil markets consultancy Ritterbusch & Associates.
"Bottom line: We see lower values ahead with WTI and Brent poised for additional decline to about $39 and $40.50 respectively, potentially by the end of next week."