Oil prices started this week with an active growth. A barrel of Brent North Sea oil added almost 2.5%, while WTI went up by 1.8%, experts say. They are trying to understand the causes of what is happening.

At the moment, OPEC + is moving from increasing oil production to reducing it. Recall, the cartel monitoring committee recommended the participating countries to reduce black gold production in December. The ministry also announced its intention to reduce the size of production in 2019.

The current news provoked a temporary rally in the market, analysts say. Previously, oil prices have been falling almost continuously since mid-October 2018. Last Friday, after entering the "bear phase", WTI oil showed a decline in the tenth session in a row.

According to experts, most OPEC + countries support the idea of reducing oil production to 1 million barrels per day. The authorities of Saudi Arabia, one of the leading countries in oil production, draw attention to the upward trend in world reserves of black gold. They also plan to cut production. According to Khaled al-Faleh, the kingdom's energy minister, the volume of oil purchasers' requests for December was 0.5 million barrels lower than in November.

Experts believe that the task of OPEC on balancing the market is significantly complicated. Recall that at the moment, the United States has increased its oil production to a record level. Thanks to this, the country can influence the world market much more actively, experts are sure. Previously, some experts have announced a change in the trend in the black gold market from downward to ascending. According to Michele Della Vigna, head of the European energy research division at Goldman Sachs, in the next decade, the global economy will face an acute shortage of oil supply. The expert noted that in the future, only a few oil and gas companies will be able to work with large investments in global projects for the extraction of hydrocarbons. Occupy a dominant position in the industry will be small organizations, I'm sure the specialist.

Analysts also pay attention to the so-called theory of the "oil peak", which has lately lost its sharpness a bit. The reason for this was the growth of shale oil production in the United States. Experts believe that the global market for oil and natural gas is strongly influenced by geopolitical factors, and this trend will increase.