Oil prices capped at $65 as U.S. shale output gathers pace


By Dmitry ZhdannikovLONDON (Reuters) - Oil prices edged higher towards $65 per barrel on Monday but predictions of a major spike in U.S. oil output in the next five years capped the market's gains.International benchmark Brent crude was up 36 cents, or 0.6 percent, at $64.73 a barrel by 1028 GMT. The contract was well below this year's highs of over $71 per barrel that it hit in January.

U.S. West Texas Intermediate (WTI) crude rose 42 cents, or 0.7 percent, to $61.67 per barrel. The International Energy Agency on Monday revised U.S. oil output.....

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