“Failure to make the decision sent prices down. But so far this is not such a critical collapse of the market, which could be considered the trigger for a new global recession. Although the trend is still negative. A number of our oil workers believe that prices will reach $ 40, ”he said.
According to the expert, the situation "will depend on many factors that oil traders and players play out."
“What will happen to the price is hard to say right now, because we operate with information flows that are difficult to predict. The meetings between OPEC and OPEC + alone ended rather indistinctly, ”concluded Maslennikov.
Oil prices on Monday, March 9, fell by more than 30% after the OPEC + meeting, which had previously ended with Russia's exit from the deal, RIA Novosti reports with reference to trading data.
As of 07:41 Moscow time, the May futures of the Brent brand fell by 28.69%, to $ 32.28 per barrel, the April futures of the WTI brand - by 31.35%, to $ 28.33 per barrel.