Crude oil prices nudged to $60 a barrel in trading on the
New York Mercantile Exchange on June 20.
The prices hit $60 per barrel before dropping slightly to
$59.45. Prices have risen by more than $10 per barrel in the past month.
The Organization of Petroleum Exporting Countries said on
Monday that it would consider raising its output in an attempt to slow the
market. The cartel raised prices last week, but with little effect.