USD 65.9961

0

EUR 73.2227

0

BRENT 59.02

+0.33

AI-92 42.19

0

AI-95 45.95

-0.01

AI-98 51.74

+0.01

Diesel 45.78

-0.02

13

Oil Prices Rose Above $53

Oil prices moved above $53 a barrel on Monday, after talk that oil producing cartel Opec could cut output soon

Oil prices moved above $53 a barrel on Monday, after Algerian energy minister Chakib Khelil said Opec might hold an emergency meeting on falling prices.

Venezuela and Iran are two key Opec members that are in favour of a cut.

In morning Asian trade light sweet crude for February delivery rose 36 cents to $53.35. And Brent crude for February was up 14 cents to $53.09.