Oil prices rise in anticipation of a reduction in supply

The United States has imposed sanctions on Iran this month, asking international consumers not to buy its oil, and Iran's crude exports have fallen sharply in recent months.

But other oil producers have more than compensated for the loss of Iranian oil, and most analysts are now seeing a significant oversupply through stockpiling that puts pressure on prices.

OPEC should generally begin to reduce its results soon, fearing a repetition of the 2014 price defeat. According to some analysts, this could lead to a rapid rebound in prices, especially if production fell further in Venezuela and Libya. .

"We will likely have, by December, at least a million barrels a day in less than (Iranian) crude exports," said Harry Tchilinguirian, Global Head of Commodity Markets Strategy at BNP Paribas.

Tchilinguirian said that he would not be surprised that Brent is recovering $ 80 a barrel this year.