 The International Oil Benchmark, Brent's crude, surged by 5% after a report from the International Energy Agency. The report is followed by US inventory data, which boosted optimism about return in demand after the coronavirus lockdown last year, crushed fuel consumption. Brent, against which Nigeria's oil is priced, rose by $3.06 to $66.76 per barrel at 7.31pm Nigerian time on Wednesday. US crude inventories fell by 5.9 million barrels last week, exceeding analyst forecasts for a 2.9 million barrel drop. Don't forget to hit the notification button so you get notified about fresh news updates.