New IMF chief Rato says oil rise abrupt

New IMF managing director Rodrigo Rato said at his first news conference surging oil prices were disrupting financial markets. He also said the world economy was in an upswing with the prospect of only moderate changes in interest rates ahead.

Rato, the incoming managing director of the International Monetary Fund, welcomed a call by Saudi Arabia for OPEC to boost crude oil output by 1.5 million barrels a day.

"The evolution of prices of energy have been very abrupt in the recent weeks. That is