He noted that the most important factor that affects oil prices is the tension between Russia and the West, as well as the expectation of possible sanctions.
“Russia is a major supplier of oil to world markets, we have about 10% of world production ... We also export oil products.
Therefore, any restrictions on Russia, against our oil or against payments for Russian oil, all this will, of course, interfere with normal oil trade.
Therefore, traders win back as an increase in value, ”explained the expert.
At the same time, Mitrakhovich added that there was no catastrophic growth.
“Because some super-sanctions have not been announced, maybe they will not be... Plus, all other factors are alive.
The fact that the coronavirus is receding means that civil aviation will probably continue to work, and this is also a large consumption of oil.
Sanctions on Iran have not yet been lifted, but if they are, then there may be some decrease in the cost of oil.
But the most important thing is America's relationship with Russia, this factor will influence, ”concluded the interlocutor of RT.
Earlier it became known that the price of Brent oil exceeded $99 for the first time since September 2014.