According to Didenko, there are currently no preconditions for any dramatic changes in oil prices in one direction or another.
“But the stability that will be in the markets after the final announcement of the results of the US presidential elections is more likely a plus for oil prices.
In addition, it is known that the Biden administration is counting on the settlement of relations with China, which were somewhat marred by the trade wars under Donald Trump.
Again, speaking about the balance of supply and demand: the supply of oil on the market is still great, in general, demand is stable.
Therefore, one should not expect any strong movements, ”the specialist explained.
During the trades on November 16, world oil prices rise by about 4%.