The rise came after the International Energy Agency and "OPEC" raised expectations for oil demand, as major economies recovered from the pandemic.
Brent crude rose 4 cents to 66.62 dollars a barrel, by 05:51 GMT, after it had gained 4.6% on Wednesday and closed at its highest level since March 17th.
Meanwhile, US West Texas Intermediate crude futures fell three cents to $ 63.12 a barrel, after increasing 4.9 percent in the previous session.
Goldman Sachs bank analysts said in a new report that compliance in terms of supplies and the recovery of economies is about to give oil an opportunity to surpass its recent ranges.
Analysts added, "We remain optimistic about the expectation of (Brent) crude to reach $ 80 a barrel in the third quarter of 2021 thanks to a recovery in demand in the near term and compliance with supplies."
The US investment bank provided a one-year forecast of the global transportation sector’s demand for oil to 2026, due to the increased prevalence of electric cars and the economies ’efforts to eliminate carbon.
It is expected that global oil demand and supply will regain their balance in the second half of this year after demand dissipated in 2020 with the outbreak of the Covid-19 pandemic.
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