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13 Jan 2016
Crude oil prices to remain weak – Russia’s A.Siluanov
FXStreet (Edinburgh) - Russia’s Minister of Finance Anton Siluanov expects crude oil prices to extend the downside in the upcoming periods.
In the domestic field, Siluanov argued that 2015 budget deficit hit nearly 2.6% of GDP, while he sees a balanced budget with crude oil prices around $82 per barrel.
At the moment, the barrel of Brent crude is down nearly 1% just above the $31.00 mark, while the barrel of West Texas Intermediate is up 1% around $30.70.
In the domestic field, Siluanov argued that 2015 budget deficit hit nearly 2.6% of GDP, while he sees a balanced budget with crude oil prices around $82 per barrel.
At the moment, the barrel of Brent crude is down nearly 1% just above the $31.00 mark, while the barrel of West Texas Intermediate is up 1% around $30.70.