The crude oil market in the United States is recording a recovery in demand. However, inventories are falling more than expected.

Commercial crude oil reserves in the United States fell for the third week in a row, and analysts' expectations reflect a recovery in demand that is pleasing crude prices.
The weekly report of the U.S. Energy Information Agency (EIA) released Wednesday highlights that U.S. crude inventories have decreased by 5.9 million barrels (MB), to 492.4 MB, as of April 9. Analysts had expected a much smaller decline of 2.7 MB.
Meanwhile, crude oil prices surged in New York. The price of the barrel contract of "light sweet crude" for delivery in May took 4.27% to 62.75 dollars around 15:00 GMT. That of a barrel of Brent from the North Sea for delivery in June climbed 4.08% to 66.27 dollars.