Central Bank thinks oil price will drop

First deputy head of Central Bank of Russia Ksenia Udaeva said that oil prices in the short run may drop to $40–45 per barrel. «As you surely know the basic scenario of the Bank of Russia proceeds from the fact that in the short and mid run oil prices will balance on the level of $40–45 per barrel», — said Udaeva.

According to her, oil market has become more balanced thanks to the actions of OPEC. In March the head of Central Bank Elvira Nabiullina shared the Bank’s opinion on mid-year oil price in 2017 year.