Independent financial analyst Boris Usherovich in an interview with RT saidHow will oil prices change in the near future? He reminded that Angola decided to leave the Organization of Petroleum Exporting Countries (OPEC), which market players saw as a destabilization of the situation and accelerated the decline in the cost of hydrocarbons. According to the analyst, this also benefited Russian raw materials.
“Currently the Urals is trading at $63.12 per barrel. Considering the decline in world prices, it is possible to experience a further upward trend in the near future. However, we will most likely not see the October highs. “In my opinion, before the new year, Brent will fluctuate around $77 per barrel, WTI will fluctuate around $72-72.5 per barrel, and Urals will fluctuate up to $64-67 per barrel,” he said.
He added that the overall dynamics are still downward.
On the eve of Angola announced On leaving OPEC. This was reported by Reuters.
It is stated that Angola is one of the twenty largest oil producing countries. At the same time, a decision was taken to maintain production quotas in the member countries of the organization.
Igor Yushkov, leading analyst of the National Energy Security Fund registeredIt is stated that Angola’s departure from OPEC may cause other participants to withdraw from the agreement.
Previously expert guess Falling oil prices due to disagreements in OPEC+.