Mitrahovich noted that the oil market is very volatile.
“For the reason that so many factors influence it.
One of the main factors at the current time is the coronavirus.
That is, on the one hand, in some countries the incidence is growing, in others - active vaccination.
This balances each other, on the other hand, if lockdowns begin tomorrow, then the demand for oil may decrease,” he said.
In addition, the specialist clarified that the West is actively developing a "green" agenda.
In his opinion, this could lead to "a decrease in fuel", and thus such news "will push oil prices up."
The expert also added that prices could rise due to the fact that sanctions from Iran and Venezuela "are not going to be lifted."
On January 12, it was reported that the price of a futures contract for Brent crude for March 2022 delivery on the London ICE exchange exceeded $84 per barrel.