OPEC raises demand forecast for 2013, oil prices move up

New York's main contract, light sweet crude for delivery in March inched up to US$97.1 and Brent North Sea crude for April to US$118. Oil prices moved up in Asia after OPEC raised its demand forecast for 2013, citing signs of a recovery in the global economy. OPEC expects 89.68 million barrels of oil to be sold a day, up from 89.55 million estimated a month ago.
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