Baku. Yegane Lahcinzade - APA-Economics. Oil price will stay under $50 in the medium term, Executive Director of SOFAZ Shahmar Movsumov said in his interview to The Business Year magazine.
Movsumov said it is difficult to precisely forecast the price level: “However, recent trends, including the return of Iranian oil to the market, make us to believe that the price will stay under $50 per barrel in the medium term”.