According to Safonova, oil prices react to "information bursts" due to the lack of stability in the world.
“Of course, market participants are also concerned about the global recession, which has affected the stock markets, but has not yet directly affected the oil market.
In this regard, a further decline in oil prices may be associated precisely with the deepening of the crisis in the global economy,” the analyst explained.
She noted that investors are reacting to reports about the introduction of US sanctions against Iran.
The restrictions apply to international companies that facilitate the export of petroleum products from the country to East Asia.
“In general, the fears that are associated with a further reduction in supply on the world oil market will push prices upward in the short term,” the expert concluded.
Earlier it was reported that the price of Brent oil fell to $102.