“Firstly, there are economic factors that indicate that the coronavirus situation is beginning to improve, China is rebuilding the movement of its economy, and other countries will soon be shaken. This requires the consumption of oil, and not only as an energy carrier - we always forget that there is such a thing as petrochemicals, ”the expert said.
According to him, the spring failure in oil prices was the result of a political shift, and prices are still recovering.
However, the recovery component “has reached its exhaustion,” the expert said.
The price of Brent crude oil for delivery in August during trading on June 5 exceeded $ 41 per barrel for the first time since March 6.