Russia's Novak does not rule out oil price reaching $100 per barrel

Eren Sengezer FXStreet

Russia’s Energy Minister Alexander Novak recently crossed the wires saying that he did not rule out oil (Brent) price reaching $100 per barrel, as reported by LiveSquawk.

Following this comment, the barrel of Brent recovered modestly and last seen trading flat near $86.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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