MARKET ROUNDUP Crude oil prices edged up on Monday, posting a sixth straight rise to a two-year peak above $87 a barrel as concerns about the inflationary effect of monetary easing by the central bank kept gold and oil supported despite a bounce by the dollar. IN FOCUS - U.S. crude oil stockpiles rose last week as imports rebounded, extending a supply buildup for the fifth time in six weeks, a preliminary poll ahead of industry and government data showed. - OPEC sees no need to boost its output when it meets next month, two officials from the group said on Monday, even though oil prices have rallied to a two year high above $87 a barrel. - Improving economic conditions may prompt the U.S. government's energy forecasting agency to increase its outlook for 2011 global oil demand, industry analysts said. - Venezuela's PDVSA has restarted its 130,000 barrel per day Petroanzoategui heavy crude oil upgrader after a storm damaged a compressor and stopped production last week, the state oil company said. - Exxon Mobil Corp reported emissions and instrumentation failure during a startup on Saturday of its 344,500 barrel per day refinery in Beaumont, Texas, according to a filing with state regulators. FUNDAMENTAL OUTLOOK Crude oil prices are trading firm today. In the evening session we have the crude oil inventory report to be released by the API. An expectation of a built in stocks will keep a check on the upside in crude oil prices.

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