According to the expert, since the beginning of February, the price of Brent oil has changed very little, fluctuating in a narrow range of $82-84 per barrel.
“This week, oil prices have declined quite noticeably, by 1.2%.
Next week, the price of Brent may correct upward after falling, but much will depend on data on commercial oil inventories in the United States: a reduction in inventories may cause a sharp jump in the price upwards, but if it does not happen, the price will not change significantly from current levels, ”explained she.
Milchakova noted that in March Russia will begin to reduce oil production and reports of this could become "bullish" factors about the price of oil.
“In general, next week we forecast the price of Brent oil within $82-85 per barrel,” the analyst said.
Earlier, Russian President Vladimir Putin signed a law limiting the discount on Russian Urals oil in relation to the price of Brent for calculating oil taxes.