Prices for oil dropped today lower than $100 per barrel and constitute $99.94, the OPEC reports. The figure is the lowest this year, during which prices fluctuated between $101 and $103.
Vestnik Kavkaza discussed the issue with oil experts Valery Nesterov and Konstantin Simonov.
Valery Nesterov, an analysist from the Troika Dialogue investment company, believes the fall in oil prices was quite predictable and will not continue for long.
"This tendency is based on the invisible overproduction of oil on the market and the fact that economic growth is slowing down," he explained.
The same approach is demonstrated by the head of the Energy Safety Fund, Konstantin Simonov. He notes that there should be no panic, since $100 per barrel is still a very high price, he said.
Experts on falling oil prices
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