Oil prices should rise above $60 per barrel in the second half of 2017 if the OPEC output-cut deal is extended, according to Amrita Sen, chief oil-market analyst at Energy Aspects. Oil demand is growing faster than expected with annual increases of about 1.8 million barrels per day (bpd), she said in an interview on Bloomberg TV on March 24. If the cuts made by OPEC and non-OPEC countries are successful in reducing the oil inventories, then prices could rise by $5 to $10 per barrel.