“This is due to the fact that almost all countries are emerging, albeit at different speeds, on the trajectory of overcoming this difficult economic situation that the pandemic has created.
Plus, of course, the actions of the agreement within the OPEC framework, which, although they seem to have ended without a formal result, actually mean that the situation has been left in the state of what has been achieved.
That is, there are certain obligations to curb oil supplies to the market from the main producing countries.
The restraint of supplies and the development of the demand for oil of those countries that are entering the trajectory of overcoming economic difficulties have determined this demand for oil.
Which ultimately raised prices up, ”Belyaev said.
The expert also gave a forecast of how the oil price situation will develop in the future.
“I think that oil has already reached its ceiling, that is, the upper price.
If there are no additional informational stuffing or events, which, perhaps, will raise the price somewhat higher in the short term.
But I think that this is the ceiling and a correction to the level of $ 55 per barrel is quite possible, ”the expert added.
Earlier, the price of a barrel of Brent oil exceeded $ 61.