Russia believes that oil prices could fall within two years, 60 USD a barrel

MOSCOW, Russian Federation Finance Minister Alexei Kudrin November 24 by the newspaper Vedomosti reported that Russia's economy organized by the Russian financial annual forum, said there is no sharp depreciation of the dollar, oil prices within the next two years may be 60 U.S. dollars a barrel. According to Kudrin said, so far, oil prices has been maintained at 70-80 U.S. dollars per barrel, oil prices next year may continue to remain at this level.

Kudrin in his speech, did not rule out oil prices are likely to exceed this level in the short term, however, oil prices rose after two years may be 60 U.S. dollars a barrel. Russia's economic news agency Prime-Tass news agency quoted Alexei Kudrin as saying, "weak dollar" increased oil prices. Not further depreciation of the dollar, oil prices may drop to 60 U.S. dollars a barrel.

Nov. 27, 2009