Author: Reuters

International Brent crude futures traded at $66.66 per barrel, up 41 cents, or 0.6 per cent, from their last close.

Indian Oil buys about 75 per cent of its oil needs through long-term deals, mostly with OPEC nations

International Brent crude futures hit a high of $66.78 per barrel before easing to $66.65 per barrel, up 0.6 per cent from their last close

Oil prices also drew support from a surprise increase in China’s exports in January

Oil prices rose on Thursday, buoyed by hopes that potential progress in the latest Sino-US tariff talks would improve the global economic outlook.US

India is second-largest buyer of Venezuelan crude