State Duma Deputy: the price of oil will soon return to a $100-110 per barrel

State Duma Deputy: the price of oil will soon return to a $100-110 per barrel


The U.S. hoped to build up Russia, artificially lowering oil prices, but they soon cannot afford this cost of black gold, said the Deputy of the state Duma Ivan Grachev.

MOSCOW, 7 Dec –. Low oil prices will last as long as you can withstand US, who started against Russia cold war, said a member of the state Duma Committee on energy Ivan Grachev, the radio station “Russian news service”. The MP expects growth in oil prices in the foreseeable future.

“I believe there is 100 and 110, and higher, and enough in the foreseeable future. And the current price is related to the fact that against our cold war began, artificially lowered the price of oil”, — he told RSN.

Futures price for Brent crude continues to fall, losing more than 4% and dropping below 33 dollars a barrel, reports Reuters. According to the Agency, this low rate was achieved for the first time since April 2004.

These low oil prices will last as much as stand US, I’m sure Grachev.

“America loses approximately half a billion dollars a day, if you figure out what the normal price is 80 dollars per barrel, and now sell at 30. She long will not be able to withstand,” — said the Deputy of the radio station.