Oil Near One-Month Highs as Demand Outlook Improves

Oil prices eased on Thursday but remained close to a one-month high driven by more positive demand forecasts from the International Energy Agency and OPEC.

The chimneys of the Total Grandpuits oil refinery are seen just after sunset, southeast of Paris, France, on March 1, 2021. Christian Hartmann/Reuters

LONDON—Oil prices eased on Thursday 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.

Brent crude was down 25 cents, or 0.4 percent, cents at $66.33 a barrel by 09:45 GMT, after reaching $66.94 earlier, the highest since March 18.