Crude oil futures ended higher on Monday buoyed by signs of a brighter global demand outlook, even as India, the world’s third-largest oil consumer, continues to suffer from record daily COVID-19 cases. A weak dollar also contributed to oil's advance. The dollar index dropped to 90.87, giving up nearly 0.5%. Meanwhile, private report said that Ihsan Abdul Jabbar, Iraqss oil minister, said that the Organization of the Petroleum Exporting Countries and their allies, together known as OPEC+ will continue to trying to keep crude prices within normal averages and there is no concern about a drop in prices.
Crude oil futures for June rose $0.91 or 1.4 percent to settle at $64.49 barrel on the New York Mercantile Exchange. July Brent crude gained $0.80 or 1.20 percent to settle at $67.56 a barrel on London's Intercontinental Exchange.