Oil cracks $60 after OPEC report says 2018 will be a year of higher demand
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Atef Hassan/Reuters

West Texas Intermediate oil and Brent Crude were above $60 after OPEC said it expects higher oil demand this year.

Last week's selloff took oil off its 2018 highs.

To see more commodity prices in real time, click here.

West Texas Intermediate crude oil is back above $60 a barrel after last week's selloff sent below that level for the first time this year. WTI dipped to nearly $58 last week from a high of $66 on January 25, but Monday's gain of 1.76%, which came after OPEC...

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