Oil holds just below record USD 117 a |
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Oil held below USD 117 a barrel on Monday, supported by worries of supply disruptions in Nigeria and comments by OPEC that it saw no need to increase production. U.S. light crude for May delivery rose 5 cents to USD 116.74 a barrel by 2310 GMT, after briefly touching a new record high of USD 117.05 a barrel. London Brent crude rose 6 cents to USD 113.98. The Organisation of Petroleum Exporting Countries (OPEC) sees no need to raise oil production to counter high oil prices, OPEC's President Read More...
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