Indonesian crude price (ICP) for March 2018 increased to US$61.87 per barrel, from US$61.61 in February, inline with global oil prices. Dated Brent rose to US$65.9 per barrel, Brent increased to US$66.72 per barrel, and WTI rose to US$62.77 per barrel. Demand for oil was growing while its stockpile declined. OPEC said global demand for oil is expected to increase by 1.6 million barrels per day to 98.63 million barrels per day. Other factors lifting oil prices include global growth momentum and geopolitical factor.
