He said the rally in oil prices in recent
days is because of the OPEC and non-OPEC production cuts and partly because of
the cold season.
"We are in winter, a season in which
prices go up as demand for petroleum products goes up," Zangeneh said.
On January 9, Brent crude futures were at
$68.11 a barrel, 33 cents, or 0.5 percent, above their last close. Brent
touched $68.27 last week, its highest since May, 2015.