In Russia expect the next collapse of oil prices

During the year oil will fall in price to 40 dollars per barrel forecast in the Russian Federation.

The Finance Ministry expects the price of oil drops to $40 a barrel after the termination of the OPEC on reduction of oil production. This was reported in an interview with TASS Deputy Minister of Finance Vladimir Kolychev.

“It is logical to expect that all the same the equilibrium price of oil is lower than the current. After completion of the transaction, agreement, in fact, the price approached it. We think it’s somewhere in the neighborhood of $40 per barrel”, – said the Deputy Minister.

According to him, reduced to prices to this level will occur after the expiration of the agreement, in the first quarter of 2018.

Note, the price of oil North sea Brent this morning rose above $ 50 per barrel. So, as of 10:46 Kyiv time Brent crude was trading at around 50,31 dollars per barrel. This is 0.72% above the closing level of the previous trading session.

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