Gref forecasts oil prices for this year

Gref forecasts oil prices for this year

The President and Chairman of the Board of Sberbank, German Gref, believes that in the first half of this year, oil prices will be in the range of 25 to 30-35 dollars per barrel, and then some growth will begin.

He noted that the beginning of the year was "a difficult start" for Russia. "The first reason is prices of commodity markets, and especially oil prices," Gref specified.

"I think that we will see such volatility until the end of the year, so now we are spending a lot of time trying to understand what oil prices will be this year," Interfax quotes the head of Sberbank as saying.