Crude oil price rallied to a 12-week high on Monday amid renewed hopes over the commodity’s demand in the new year. While it has since pulled back, Brent futures have been in the green in four out of the past five sessions.

Oil futures posted their first loss in four sessions on Wednesday after official U.S. data revealed a third straight weekly climb in U.S. crude supplies.

Rising U.S. stockpiles and trade tensions pressure crude prices, but Iran sanctions could tighten supply. What’s next for the market? Get insights here.