Both contracts fall by $1 on back of greater than expected rise in US crude inventories

Drop in coal and natural gas prices placed oil under pressure

Easing restrictions around the world are likely to help the recovery in fuel consumption

Big demand rebound forecast by International Energy Agency also supported prices

OPEC trims global oil demand forecast for last quarter of 2021, expects delay in recovery

Earlier, a fire on a Mexican offshore platform knocked out over 400,000 bpd of production

Both contracts rose by about 8% over last two days

Home side won by one wicket

Moscow pivoted to China in 2014 as its political ties with the West sank to post Cold-War lows

Both benchmark contracts are headed for gains of around 2% for the week