OPEC impact: Crude prices rise
Vienna: Oil prices rose marginally as OPEC announced that the group would not raise its formal output ceiling.

Light, sweet crude for May delivery was up 18 cents at $54.23 a barrel on the New York Mercantile Exchange. An intra-day high of US$57.60 was set March 17.

In London, Brent crude futures fell 87 cents to $53.03 per barrel on the International Petroleum Exchange.

Gasoline futures were steady at $1.573 per gallon on NYMEX in New York.
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