Compounding the glut and pressuring Brent prices, the US has repealed a 40-year-old ban on crude exports and Iranian supplies are set to rise once sanctions are lifted. Another crude trade calls for shorting the prompt end of the curve in expectation of more price declines in the coming months while taking long positions for delivery later, say late in 2016 when prices are expected to be higher. A price curve with cheaper prompt than forward prices is called contango, and Barclays said on Monday that it expected the "contango to widen," albeit at a moderate pace. "Although there are some downside risks for oil prices in the near-term, we believe that oil prices will recover in the course of 2016," ABN Amro said. In the refined oil products market, traders may go long gasoline futures and short gasoil contracts.