Crude oil prices eased today but remained close to a one-month high driven by more positive demand forecasts from the International Energy Agency and OPEC as major economies recover from the pandemic.
 
So, Brent crude oil futures was down 25 cents, at 66.33 dollars a barrel, after reaching 66.94 dollars earlier, the highest since March 18. US Crude fell 30 cents to 62.85 dollars a barrel, earlier rising to 63.48 dollars, also the highest since March 18. Both contracts rose by about 5 percent yesterday.
 
The IEA and OPEC revised their global oil demand growth forecasts for 2021 higher this week to 5.7 million barrels per day and 5.95 million bpd, respectively. Prices also found support from a big fall in US inventories. US crude inventories were down by 5.9 million barrels last week, data showed.