Moscow. December 21. The current low oil price is due to including the game down in anticipation of a rate hike by the fed, so it will not be long-term, said the head of “Gazprom oil” Alexander Dyukov.
“If to speak about the current price level, one should consider some kind of game down, which happened recently in anticipation of a rate increase by the fed. The price has stabilized. What can happen next? Theoretically, if the game is on the decline will continue, it may lower and lower, but it is obvious that the price reduction will be short – term,” he said in an interview with TV channel “Rossiya24”.
In his opinion, in the long term the price of oil will return to “fair for consumers and producers”, the level of $90-100 per barrel.
Earlier, the price of Brent oil fell to a record low in 11 years.