"Now it is not very noticeable, but in the near future the deficit will begin to affect - and therefore oil prices will begin to rise. The situation on the market is such that on the monthly horizon we can see Brent quotes up to $83-85 per barrel. WTI crude oil will rise to $78-80 per barrel. Russian Urals, despite the sanctions, will rise to $60 per barrel, and with a positive development of events, we can even see $65 per barrel by the end of the third quarter, "the analyst believes.
In his opinion, prices will be influenced by factors such as the recovery of the Chinese economy, sanctions pressure on Russia, as well as the situation in the United States, whose "strategic reserve storage facilities are already more than half empty."
Earlier it became known that strategic oil reserves in the United States have shrunk to a minimum over the past 40 years.