Oil prices started the day on Wednesday on the rise to cross the 57 dollar mark, a first for nearly eleven months.

At 9:00 a.m., the barrel of Brent from the North Sea, benchmark for the Algerian Sahara Blend, was quoted at 57.06 dollars, up 0.71% compared to the closing price yesterday Tuesday (56, $66).

Over the last five sessions, Brent has risen by 5.41%. Since the announcement, a week ago by Saudi Arabia, of a unilateral reduction in its production of one million barrels per day in February and March, oil prices (Brent) have successively crossed the 55 , 56 and 57 dollars.

Swiss bank UBS predicts an oil market supply shortfall of 1.5 million barrels per day in 2021 due to rising demand and measures taken by the OPEC+ alliance to avoid a price slump, according to Al Arabiya .

On Tuesday, the OPEC+ alliance had decided on a very slight increase in oil production of 75,000 barrels per day.

She suddenly predicts a price increase to 63 dollars in the second quarter of 2021, according to the Reuters agency. Two other banks are predicting oil near or above $60 this year. The American bank Citibank has revised its forecasts upwards, and predicts a barrel at 59 dollars instead of 54 dollars, while Goldman Sachs thinks that Brent will reach 65 dollars by the end of 2021.