ECONOMY


Russian energy minister comments on recent oil price changes

Baku, April 7, AZERTAC

Changes in the oil prices in several recent days are related to the decline of inventories in the United States and the impact of the US missile strike against Syria on the oil market requires further examination, Russian Energy Minister Alexander Novak said on Friday, TASS reports.

"I think an extra market research [of the impact of US missile strike on the oil market - TASS] is required. As you can see, oil prices have been growing in several recent days but oil inventories, balances of oil products and the oil stock were the factor; they are declining for the second week in a row," Novak said.

Brent oil prices with delivery in June 2017 are currently adding 0.56% to $55.21 per barrel on the London-based ICE.

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