Oil started to rise on Tuesday due to production outages in Canada as well as uncertainty in regards to Libya’s export, Reuters reports. However, increasing supply on behalf of OPEC as well as growing trade conflict between the US and other countries might restrict price growth.

Brent futures grew by 0,2% today in the morning compared to the last closing price to $74,86 a barrel. Military actions in Libya question capabilities of this OPEC member to export oil in the nearest time.

WTI oil price went up by 0,4% to $68,38 a barrel. This growth was caused by troubles with production in oil sands of Alberta.

Experts suggest that despite of agreement on output increase that was reached during last OPEC’s meeting in Vienna, supply on the market will be restricted in the nearest future. This will cause Brent oil price to grow above $80 a barrel level in the second half of 2018, analytics of Jefferies investment bank assume. Economists in Bank of America forecast price growth in the second half of 2019 above $90 a barrel. This growth will be weaker if global trade conflict escalates.