"Libyan relief changes the conversation about spare capacity", said John Kilduff, a partner at Again Capital Management.
EIA's report shows a higher oil demand in the U.S.in 2019.
The prospect of sanctions on Crude Oil exports from Iran, the world's 5th-biggest Crude Oil producer, has helped drive up Crude Oil prices in recent weeks with both Key Crude Oil contracts trading near 3.5 year highs.
It's likely that some countries will seek an exemption from sanctions on Iranian oil purchases, and the USA will consider these applications, Secretary of State Mike Pompeo said.
India is an obvious possibility-its imports and demand are surging, and it may be willing to replace at least part of its Iranian oil imports out of fear that its companies and the sovereign could lose access to the US financial system should it continue to buy Iran's oil.
"That's while Saudi Arabia told OPEC it pumped about 10.5 million barrels of crude a day last month as the kingdom sought to cap rallying prices by ramping up output, according to people familiar with the matter", writes Bloomberg.
However, there was speculation that Saudi Arabia, which has about 18 percent of the world's proven petroleum reserves, would tap into its spare capacity of 2 million barrels per day to add more oil to the markets, while U.S. shale production also remained robust.
60-Year-Old Child Murder Case In US Revived After New Leads
But Parker says the discussion likely occurred after the release of a book that raised questions about the Till case a year ago . But he says too much time likely has passed to prosecute anyone for other crimes, such as lying to investigators or in court.
Wimbledon: Anderson defeats Isner in 6-hour thriller
Those named Kevin Anderson are being offered a free "victory feast" for them and two friends - in honour of his three-set victory. Standing in her way is 2016 runner-up Angelique Kerber in a repeat of Williams' last match at Wimbledon prior to maternity leave.