CNBC | Oil over $58 as OPEC raises demand forecast for its crude Reuters Global benchmark Brent crude oil LCOc1 for March was up 35 cents at $58.15 a barrel by 1305 GMT (08:00 a.m. EST) after rising as high as $59.06 earlier in the session. U.S. crude CLc1 was up 75 cents at $52.44 a barrel, having hit a session high of $53.40. Forecasts Of Oil Price Bottom And Recovery Oil dips after weak Chinese trade data Oil steadies near $58 on US rig count |