Gazprom Oil: oil prices will return to $90-100 a barrel
The head of Gazprom Oil, Alexander Dyukov, said that the current low price of oil is related to the play for a fall due to the increase in interest rates by the US Federal Reserve.
"If we are talking about the current level of prices, it is necessary to take into account the certain play for a fall that took place recently due to the increase in interest rates by the US Federal Reserve. The price has stabilized. What will happen next? In theory, if a play for a fall will continue, the price may fall again, but it is absolutely clear that the decline in prices will be short-term," Interfax cited him as saying.
According to the head of Gazprom Oil, in the future oil prices will start to come back to the fair level of $90-100 per barrel.