Maslennikov emphasized that "the reason for such an oil price peak is understandable, and it was predictable."
“This is a suspension of business activity in the vast majority of economies ... In the same USA, businesses that create about a third of the gross domestic product are disconnected, hence the expectations for the fall in the second quarter are quite serious for everyone,” the expert explained in an interview with RT .
According to him, a sharp contraction in demand leads to the fact that oil prices are experiencing a sharp "downward pressure."
In turn, Igor Yushkov, an expert at the Financial University under the Government of Russia, a leading analyst at the National Energy Security Fund, recalled yesterday’s fall in WTI crude oil prices and a panic on the stock exchange.
According to the expert, when such a situation arises, many investors consider it safer for themselves to get rid of any oil assets, securities, futures.
“Some of them started selling, including Brent futures, to which the value of the Russian Urals is tied. Therefore, now we see a certain decrease. But then again, it’s not so big. Therefore, a certain panic leads to a decrease, but there are probably no fundamental factors for it (price. - RT ) to drop sharply and deeply, ”the analyst noted.
Earlier it became known that the entrance of trading on Tuesday, April 21, the price of Brent crude oil fell by 22%.
The price of June futures for North Sea Brent crude oil declined by 22.10% to $ 19.92 per barrel.