Commodities@Moneycontrol: US shale output set to surge over next 5 years

Even as crude oil prices rose on Monday, which was the biggest 1-day gain in about three weeks, it continued to surge in early trade with Asia and Europe holding it at USD 65 per barrel.

As delegates at a meeting between OPEC and US shale firms in Houston have been making unofficial statements to the media, the rally in oil prices could well continue until late Tuesday.

Watch the video for more.