Analyst Mishchenko did not rule out an increase in oil prices

According to him, since the beginning of the year, the oil market "behaves unstable."

The analyst believes that this is due both to the holidays and the fact that global supply and demand factors remain unpredictable.

“There are factors that will support quotes at $85-90 per barrel.

It is quite possible that we will see growth,” Mishchenko said.

First of all, this is China's exit from covid restrictions, and, as a result, an increase in demand from Chinese processors.

He added that the fact that forecasts of "a global recession have not been confirmed" will also be reflected positively.

In addition, the specialist stressed that the EU ban on the import of Russian oil will also affect the rise in prices.

“Any restrictions are associated with the creation of a short-term or long-term deficit in a particular market, therefore, rather, the limiting factor will support quotes at a fairly high level,” RT’s interlocutor concluded.

Earlier it was reported that the price of Brent crude on the London ICE exchange fell below $82 per barrel for the first time since January 11.