Minister says current oil price of $70 per barrel unstable - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Minister says current oil price of $70 per barrel unstable

MOSCOW, Jan 19 (PRIME) -- The current oil price of around U.S. $70 per barrel is unstable, as a fair medium-term price is no higher than $60 per barrel, Economic Development Minister Maxim Oreshkin told reporters on Friday.

УLook at market expectations. Look at the forward diagram to see that the market is anticipating a price fall,Ф he said.

He added that strong prices result in higher investment in the industry both in the U.S. and some Latin American states.

End

19.01.2018 19:05
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 75.1483 -0.0342 22 nov
USD 65.9485 +0.3614 22 nov
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1127.42 +0.95 18:50 21 nov
micex 2357.97 +0.70 18:50 21 nov
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 152.40 +0.59 18:49 21 nov
lkoh 4800.00 -0.20 18:49 21 nov
rosn 411.85 -0.41 18:49 21 nov
sber 197.50 +1.69 18:49 21 nov
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 75.1800 +0.2075 14:59 21 nov
USDTD 65.8250 +0.0775 17:44 21 nov