| GEO Business|
| Crude prices rise in Asian markets|
| Updated at: 1144 PST, Monday, March 09, 2009|
SINGAPORE: Oil prices in the Asian markets were higher ahead of an anticipated production cut from OPEC.
Asian markets US crude April contract surging by $1.4 cents pegged at $46.56 per barrel, while London Brent North sea April contract rose by 83 cents and was seen traded at $45.68 per barrel.
OPEC member countries meeting scheduled March 15 in the Austria capital city Vienna is likely to decide further cut in the oil production. At the end of last year, OPEC had reduced the oil production by 4.2 million barrels per day for shoring up crude prices.