The high oil prices when the settlement are driven by the hopes of increasing demand

Oil prices recorded a slight increase at the settlement on Monday, driven by hopes for increasing demand after positive economic data was issued by China.
Brent crude futures rose 49 cents, or 0.7%, to settle at $ 71.07 a barrel.
West Texas Intermediate crude futures rose by 40 cents, or 0.6%, to $ 67.58 a barrel upon settlement.