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Oil may remain at around $75 per barrel in 2022

BSS/TASS . Moscow
26 Dec 2021 00:00:00 | Update: 26 Dec 2021 00:18:55
Oil may remain at around $75 per barrel in 2022

The oil price in 2022 may remain at $75 per barrel with the possibility of fluctuation around 10 per cent in both directions, Russian Deputy Prime Minister Alexander Novak said an interview with the Rossiya-24 TV channel on Friday.

“The current levels that we see today are quite stable. This is $75 per barrel, plus or minus 10 per cent. It seems to me that next year, these parameters will stay in place,” he said.

Novak added that the growth of the world economy and the demand for oil contributes to the prices. “As many agencies and analysts predict the economy will continue to grow. But I don’t see any risks here that would lead to a deviation from the current level,” he said.

He went on to say that the world economy growth and the demand for oil contributes to the current price.

The price of Brent oil since the beginning of 2021 went up from $51 per barrel to about $73 as of now.

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