The U.S. Energy Information Administration released a report on the same day showing that the U.S. nationwide commercial crude oil inventories fell by 110 million barrels to 4.116 billion barrels last week, the tenth consecutive week of decline. The news support the day oil prices.

As of the close the same day, light sweet crude for March delivery on the New York Mercantile Exchange rose $ 1.14 to close at $ 65.61 a barrel, or 1.77%. March delivery of London Brent crude oil futures rose 0.57 US dollars to close at 70.53 US dollars a barrel, or 0.81%.