Brent was up by 16 cents at $66.74 a barrel. WTI rose 12 cents to $63.27 a barrel.

Russia outlined protection of its market share in the international market as one of its main goals for 2021.

U.S. commercial crude oil inventories decreased by 5.9 million barrels to 492.4 million barrels.

Brent rose 85 cents, or 1.3%, to $64.52 a barrel. WTI added 82 cents, or 1.4%, to $61 a barrel.

In 2021, world oil demand growth is expected to increase by about 6.0 mb/d y-o-y, representing an upward revision of about 0.1 mb/d from last month’s report.

Higher prices are buoying drillers’ confidence. Benchmark Nymex oil gained nearly 35% in the past four months after OPEC and its alliance cut production to strike a balance between demand and supply. The fossil fuel is also getting a bump as Covid-19 vaccinations progress and Americans travel again, boosting gasoline consumption.

Brent were up 37 cents, or 0.6%, at $63.65 a barrel. WTI gained 32 cents, or 0.5%, to $60.02 a barrel.

The broad Euro STOXX 600 gained 0.3% to near record highs, with export-heavy German shares up 0.2%. Indexes in Paris and London shares fell 0.1%.

Brent was up 2 cents at $62.97 a barrel. WTI gained 1 cent to $59.49 a barrel.

With the production gains, OPEC+ compliance with its quotas slipped to 111% in March, compared with 113.5% in February, juiced by Saudi Arabia voluntarily cutting an additional 1 million b/d since January.

The NSE Nifty 50 index was down 2.44% at 14,474.10 by 0440 GMT, while the S&P BSE Sensex was 2.42% lower at 48,374.94. The two indexes have now retreated 6%-8% from their mid-February record highs.

Iran has insisted that the US drop all the sanctions it unilaterally imposed after withdrawing from the deal in 2018, while US officials have maintained that Iranian nuclear violations of the agreement must be rectified first.

U.S. Rig Count is up 2 from last week at 432, Canada Rig Count is down 11 from last week to 58

Brent edged down 12 cents, or 0.2%, to $63.08 a barrel. WTI was at $59.59 a barrel.

Brent fell 51 cents, or 0.8%, to $62.65 a barrel. WTI fell 53 cents, or 0.9%, to $59.24 a barrel.