After data showed a sharp decline in U.S. crude exports, signs of rapid economic recovery, and optimistic forecasts of energy demand. Oil prices rose to the highest level in 8 weeks

World record Brent crude contracts ended the trading session high 77 cents, or 1.1 percent, to be recorded at the adjustment of $69.32 per barrel.

U.S. ore contracts for West Texas Intermediate climbed 80 cents, or 1.2 percent, to $66.08 per barrel at the adjustment.

That is the highest closing level for Brent since March 11 and for U.S. crude since March 5.

Government data showed that U.S. crude oil exports fell last week to about 1.8 million barrels per day, the lowest level since October 2018.

The International Energy Agency (IEA) said in its monthly report that "demand for oil is already exceeding supply and the deficit is expected to widen even if Iran increases exports."

Similarly, the Organization of Petroleum Exporting Countries (OPEC) maintained expectations of a strong recovery in global oil demand in 2021, stating that growth in China and the United States would overshadow the impact of the corona virus crisis in India.