As the expert noted, next week the publication of information on crude oil reserves in the United States may have an impact on oil prices. According to him, if their decline is recorded, the quotes "will receive a short-term impetus to growth."
"If the reserves, on the contrary, grow, then oil prices will decrease slightly. The publication of inflation in the United States may also have some impact on commodity markets, since with its growth above forecasts, oil prices will fall due to an increase in the likelihood of a tighter fed monetary policy and the risks of a global recession," Chernov said.
However, the greatest impact on the world oil market next week, according to the analyst, will be the publication of the monthly report of OPEC, which is scheduled for April 13.
"We predict that forecasts for global oil production and its cost will be revised against the background of the recent reduction in production levels by several OPEC+ countries. For the most part, this reduction is already embedded in world oil prices, but a change in OPEC forecasts may spur black gold quotes to short-term growth. Next week, we predict trading in Brent crude oil in the range of $ 83-89 per barrel, "the RT interlocutor concluded.
Earlier, igor Yushkov, an analyst at the National Energy Security Fund, expressed the opinion that high oil prices will stimulate inflation in Western countries.