The Organization of Petroleum Exporting Countries is considering raising its oil output due to high pump prices, The Wall Street Journal reported.

OPEC officials said they might boost production if prices remain high for the next two weeks, according to the paper's Web site.

An increase in output would reverse OPEC's February agreement to cut production by 10 percent starting April 1. Its earlier decision was a move to keep prices high. When OPEC announced this, diesel prices rose 5.1 cents per gallon over three weeks, breaking its prior two-week 2.3-cent decline.

However, a rebounding American economy and increased output from the manufacturing sector has driven up the demand for oil, indicating OPEC may have made its move based on inaccurate production-demand forecasts.

Last month's call for production cuts seem to have fallen upon deaf ears by OPEC members, as analysts say oil exports have remained unchanged since the agreement, the paper reported.