According to the expert, oil prices have been rising over the past three weeks, as after the removal of covid restrictions in China, traders had "hopes for increased demand."
“But now they have taken a wait-and-see attitude - in Asia, the celebrations of the New Year according to the lunar calendar have ended and demand growth has yet to be assessed,” he said.
According to Deev, the OPEC+ and FRS meetings on the rate, as well as the EU embargo on the import of oil products from Russia, are also factors for lowering quotes.
“So far, everything is very ambiguous.
But there are no strong factors for a sharp increase in quotations, and for their decline.
At least in the short term.
Most likely, oil prices will be in the range of $ 82-90 per barrel over the next week or two, ”concluded the interlocutor of RT.
The price of Brent oil on the London ICE exchange fell below $85 per barrel for the first time since January 19.