According to the specialist, the cost of oil has been systematically rising on the world market since January 5.
This dynamic, according to his forecast, will continue in the near future.
He also stressed that the main factor for the growth of quotations of the North Sea Brent variety is the imposition by the West of an embargo on Russian oil products.
“Besides, Russia provides about 40% of fuel oil supplies to the European market - and this is only one item from a large list of products in this sector.
Buyers fear that after February 5 there will be a shortage of oil products, so now there is an increased demand for oil from Russia,” Deev explained.
The expert did not rule out that over the next week the price will be at the level of $89-93 per barrel or even higher.
“But the duration of this trend depends on how actively Europe will replace oil products from Russia.
If information appears about a growing shortage, raw material prices may rise even more for some time, ”said the interlocutor of RT.
He added that the OPEC+ meeting will not have a significant impact on the cost of raw materials, since it is expected that the cartel will leave all previous decisions in force and will monitor the dynamics in the market for the time being.
Earlier, investment banker, HSE professor Evgeny Kogan expressed the opinion that the price of a barrel of Brent oil in 2023 is unlikely to fall below $60.