“What is happening now is a natural and natural development of events, because a sharp jump down was associated with purely speculative operations,” he said.
According to the expert, the main reason was that the market "clearly identified a shortage of storage capacity for all oil."
“Now there are several factors. Firstly, those oil traders who work with supply futures have managed to temporarily get out of losses. In addition, the US administration has already made several statements that it will not abandon the oil industry, ”the economist said.
However, according to Maslennikov, the situation in the oil market is still extremely uncertain.
The price of WTI crude oil on Thursday, April 23, increased by 29% and continues to grow.