According to him, next week the price of oil may continue to be pressured by the previous risks in connection with the banking crisis in the United States.
Nevertheless, the expert does not exclude that the panic in the markets caused by the events in the US "may fade away" and "corrective movements of quotations" upwards will follow.
"The updated forecast of the International Energy Agency indicates an increase in oil production in Russia - in February it grew by 130 thousand bpd. In March, the IEA expects that oil production in Russia alone, taking into account the announced decrease of 500 thousand bpd, will decrease to 9.4 million bpd. This factor will affect the growth of oil quotes, but with a delay in time. Most likely, in the second half of 2023, "the analyst explained.
Earlier it was reported that the price of Brent crude oil fell below $ 73 per barrel.