Oil futures were trading at their highest level in a month, with WTI crude climbing to above the $63 a barrel and Brent topping $67 a barrel, after the International Energy Agency and the Organization of the Petroleum Exporting Countries raised their 2021 oil demand forecasts by 230,000 bpd and 100,000 bpd, respectively. Also, both the EIA and API reported a larger-than-expected draw in crude oil inventories last week. However, traders remained cautious about rising coronavirus cases, particularly in Europe and India, and slow vaccination campaigns. Meanwhile, US health authorities advised states to pause administering the Johnson & Johnson’s virus vaccine amid blood clots concerns.