“I would say that there is no reason to panic at the moment. As for oil, there is no need to confuse the short-term panic associated with the fact that the oil dispute overlapped with a strong correction in the stock markets. I don’t think that the Saudis, when they announced an increase in volumes and a reduction in prices, thought that the markets were in a state of anticipation, ”he said.
According to him, "now oil futures have gone up, and with the opening of the American market at 17:30 they will rise again."
“Therefore, I think that all problems will be resolved. In the medium term, prices will return to about 60. Regarding the ruble, you need to understand that this is the Forex market, which has very small volumes, and tomorrow everything will normalize as well, ”Khazin said.
The expert also noted that there is “no general answer” to the question of storing savings in such situations in the oil market.
Oil prices on Monday, March 9, fell more than 30% after the OPEC + meeting, which culminated in Russia's exit from the deal.
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.