An oil pumping jack, also known as a "nodding donkey", in an oilfield near Dyurtyuli, in the Republic of Bashkortostan, Russia, on Thursday, Nov. 19, 2020.
Oil prices held near multi-year highs on Monday, underpinned by an improved outlook for demand as increased COVID-19 vaccinations help lift travel curbs.
The OPEC+ group has been restraining production to support prices after the pandemic wiped out demand in 2020.
U.S. oil rigs rose by six to 365, the highest since April 2020, energy services company Baker Hughes Co said in its weekly report.
It was the biggest weekly increase of oil rigs in a month, as drilling companies sought to benefit from rising demand.
Brent, Goldman Sachs, Baker Hughes
. West Texas, of, Petroleum, International Energy Agency
Dyurtyuli, Republic of Bashkortostan, Russia, North America, Europe, OPEC, U.S