“These $ 30 fit into most forecasts for the terms and prices that were forecasted two to three months ago, when there were failures in transactions in OPEC +. But no matter what exchange commodity oil is, it is connected with physical consumption and with the interest of producers, ”the expert said.
He also emphasized that oil producers are interested in keeping prices at a certain level.
“This is due to oil production. And the level is determined based on the economic situation. It is possible that the price may catch up to $ 40. There may be a decline, but it is very unlikely. This is a kind of compromise level that suits producers and consumers, ”Belyaev said.
The price of July Brent crude futures during the auction rose above $ 30 per barrel for the first time since April 15, 2020.