Oil prices have risen above $57 a barrel again on continued
skepticism about OPEC's ability to increase official output.
The Organisation of Petroleum Exporting Countries though is
considering raising daily production by an additional
5,00,000 barrels.
This comes on the back of last week's similar hike.
Light sweet crude for April delivery was up 30 cents to
$57.02 a barrel on the New York Mercantile Exchange. On
Friday, the benchmark commodity surged 32 cents to close at
$56.72.
In London, Brent crude for May was up 9 cents, fetching
$55.68 a barrel on the International Petroleum Exchange.
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