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Friday, February 16, 2018

Yavlinsky predicted the fall in oil prices and the stability of the ruble


The candidate in presidents of Russia from party “the Apple” Grigory Yavlinsky at a meeting with inhabitants of Rostov-on-don answered the question about the cost of oil and the ruble.

“I think at the moment there is no threat of devaluation. The ruble is likely to revolve around 55-60”, – said Yavlinsky, referring to the U.S. dollar.

At the same time it gave a forecast that the price of oil, which had risen over 60 and over 70 U.S. dollars to decline.

“Relatively high oil prices which have developed at present, is a strong stimulus for shale oil in the United States. This means that the United States will now dramatically increase production of oil. The growth of oil production will lead to increased oil on the market again and prices fall”, – he explained.

source

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