“OPEC+’s decision not to revise the production schedule stabilizes supply and evens out the balance sheet.
Therefore, naturally, prices have crept down a little as expected, ”Maslennikov explained the current exchange rate.
He called the current situation unsustainable.
“Indices of industrial production moved down in June both in the US and in the Eurozone.
This gives many experts a sense of a slowdown in economic growth towards the end of the year, ”the expert believes.
According to him, everything depends on how the situation of supply and demand will develop in the world market.
“While prices are looking down.
If general uncertainty continues, by the end of summer we will see Brent from $100 to $115 per barrel, ”RT said.
Earlier, the head of the analytical research department of the Higher School of Financial Management, Mikhail Kogan, commented on the situation on the oil market.