The crude oil price continued to rise during the last session of the year and managed to reach a 30-month high.
"Oil demand will be high in 2018, with solid economic growth worldwide".
Beyond the lifting of crude oil export restrictions, other factors such as favorable price differentials, lower shipping costs, and rising domestic production have increased USA crude oil exports.
The benchmark United States contract, West Texas Intermediate for February delivery, climbed 58 cents to finish at $60.42 a barrel.
Besides the weekly drawdown, the EIA also said that US oil production dipped to 9.754 million barrels per day, down from 9.789 million bpd the previous week.
The survey of 32 economists and analysts forecast Brent crude LCOc1 would average $59.88 a barrel in 2018, up from the $58.84 forecast in the previous monthly poll.
Brent futures also rose, up 1.2% to $66.92/bbl after breaking through $67 earlier this week for the first time since May 2015.
OPEC agreed to extend production cuts through 2018 but the cartel will evaluate market conditions at its June 2018 meeting
Oil prices rose on the final trading day of the year, with USA oil prices closing above 60 US dollars, amid an unexpected fall in American output.
Monthly EIA data released on Friday showed USA crude production hit a 46-year high in October, but the country's oil exports and demand also rose. As temperatures have dropped across the US, analysts said fuel consumption should also rise.
Some expect US shale production to pick up again in 2018, flooding the market with more supply.
It also was reported that oil reserves in the USA decreased last week by 4.61 million barrels to 431.88 million barrels, while analysts forecast a decrease of 4.0 million barrels.
Extreme cold weather across much of North America could also boost US crude prices by causing production problems in the oilfields.
Total crude oil imports to China, one of the world's biggest oil consumers, rebounded to the second-highest level on record in November at 9.01 million barrels per day (bpd). In contrast, production hit 8,428,000 bpd for the week ended July 1, 2016-the lowest production in more than two years.
Libya is to start repairing the pipeline near the Es Sider terminal this weekend, a Libyan oil official said, while the Forties pipeline was already pumping close to normal levels, according to trading sources.