According to the specialist, the price of Brent oil is now in a narrow range of $82-84 per barrel.

She also noted that it is highly likely that it will remain in this corridor in the first trading days of 2023.

“The trading week will be incomplete, starting only on January 3 due to the New Year holidays, so we can expect that next week the activity in the futures market will be low.

Recall that in the short term, the data on commercial oil reserves in the United States, which are published weekly, are important for the oil market,” Milchakova explained.

The analyst recalled that in the last week before the New Year holidays, the weekly statistics on commercial oil reserves "gave a surprise."

“U.S. inventories rose slightly, despite the fact that the market expected them to fall significantly.

And this led to a short-term decline in the price of oil.

If there are no surprises next week, then the price of Brent will remain stable compared to the close of trading on December 30th.

In the event of bad news (for example, data on a sharp increase in commercial reserves in the United States), the price of oil may fall to $79-80 per barrel, but there is a fairly strong support level at $80, so some completely non-standard is needed for the price to break it down. event,” she said.

And if any “bullish” factor works for the oil market, then, according to the interlocutor of RT, the price of Brent has a chance to grow to $86 per barrel at least and even go above this level.

The "bullish" factor may be the resumption of oil purchases for the US strategic reserve, but it is not certain that the US will start implementing this plan immediately after the New Year holidays.

We believe that the price of Brent next week, under the baseline scenario, will remain in the range of $82-84 per barrel,” Milchakova concluded.

Earlier, Minister of Energy of Kazakhstan Bolat Akchulakov predicted an increase in the cost of oil on world markets due to the introduction of a ceiling on prices for Russian energy resources.