Crude oil prices brushed off bearish inventory reports from the EIA with prices settling higher. Brent settled up $1.73 to $69.63 while WTI gained $1.58 to settle at $66.02. US fuel consumption increased 10% last week from the prior week and shows signs of continued increase. “Refined products and particularly gasoline has been leading the most recent charge higher in oil prices,” said Ryan Fitzmaurice, commodities strategist at Rabobank. “On the demandside, the vaccine rollout is progressing quite rapidly, boding well for a surge in summer driving, especially in the West which has lagged the economic recovery witnessed in Asia.”