International Brent crude oil futures were up 0.66% at $64.03 per barrel for the first time since November 21, 2018.
WTI crude futures for March delivery were at $54.21 per barrel, up 0.58%, from their last settlement, RIA Novosti reported.
According to the Oil Market Report released by the International Energy Agency (IEA), global oil supply fell by 1.4 million barrels a day to 99.7 million barrels in January with Saudi Arabia, the United Arab Emirates and Kuwait cutting by more than promised and U.S. sanctions on Venezuela oil supplies.
