Foreign investors pull out $26 billion from Asian economies, $16 billion from India

The small decline in orders in March is likely to give way to a collapse in investment across this quarter

Petrol and diesel sales shrink in April; demand expected to pick up this month

The demand is expected to further pick up as more areas were opened up on Monday

Brent crude LCOc1 futures were up by 74 cents, or 1.1 per cent, to 65.59 by 0331 GMT, having earlier reached USD 66.00 a barrel.

Brent crude was down 13 cents, or 0.2 per cent, at USD 64.85 per barrel.

US oil added 61 cents, or 1 per cent, to USD 60.22 after falling nearly 5 per cent in the previous session.

Prices were also supported by higher compliance among the OPEC on meeting production quota curbs aimed at reducing supply.

Brent crude futures soared to a high of USD 70.27 a barrel at 0222 GMT, up USD 1.67, or 2.4 per cent.

Brent surged 4.4 per cent to USD 69.16 and WTI jumped 4.3 per cent to 63.84.

Analysts said fresh bets created by participants kept crude prices higher in futures trade.

West Texas Intermediate was up 20 cents, or 0.3 per cent, at USD 61.31 a barrel.