Bank Of Baku

Oil prices can fall below $ 60

Oil prices can fall below $ 60
# 09 December 2010 15:10 (UTC +04:00)
Baku – APA-Economics. The oil which powers Russia’s economy could get cheaper in the mid-term future – jeopardizing the country’s cash flows, The Moscow News reported.
That’s the grim prediction from finance minister Alexei Kudrin, who warned that within the next three years prices could tumble to around $60 a barrel for a six-month spell.
He told an audit chamber conference that the figures came from analysis within the sector
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