Oil prices briefly topped $58 a barrel Monday, then reversed course, as OPEC ministers said they had begun discussing a second output rise to try to calm the overheated market.
Prices had climbed as high as $58.28, beating the previous intraday record of $57.70 a barrel reached Friday, when futures settled at a record $57.27. In London, Brent crude futures fell 28 cents to $56.23 a barrel on the International Petroleum Exchange.
