As the expert explained, oil prices "react to informational occasions."
“Discussion in the EU of an embargo on Russian oil - in what form it will be, and so on.
The risk of a shortage is growing, and the shortage is accelerating prices, ”the analyst noted.
At the same time, he clarified that what is happening with the cost of oil is a “normal price situation”.
Earlier, the price of Brent oil exceeded $112 per barrel for the first time since April 19.