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Post: Novak explains the reason for the drop in oil prices in the world


Alexander Novak. archive photo

Deputy Prime Minister Novak announced the fall in world oil prices due to the banking crisis in the USA

MOSCOW, March 23 – RIA Novosti. Russian Deputy Prime Minister Alexander Novak believes that the decline in world oil prices is due to the banking crisis in the USA, but that prices will return to their former levels in the short term.

“I believe the drop in prices is due to the banking crisis, which poses quite a lot of risk to the economy as a whole. And of course the oil market is reacting to it. But the situation as we have seen, Novak answered a question from journalists about whether he expects the drop in oil prices to stabilize in the second half of the year.

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Source: Ria

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