The price of oil may drop sharply: under what conditions - explanation from an economist.

Oil price: economist's forecast

Economist Serhiy Fursa explained under what conditions the price of oil may significantly decrease. He noted that the current price of oil is about 66 dollars per barrel, but the market does not expect it to fall to 40-50 dollars.

'The market does not expect 40-50 dollars per barrel. This is not anticipated. Can it happen? Well, some black swan, if it comes, then yes. But this is not the baseline scenario. This is an efficient market, everything is priced in now'

The economist emphasized that for a significant drop in the price of oil, something serious must happen, for example, a global financial crisis. The market remains efficient and reflects real expectations.

Earlier, there were reports on whether India continues to buy Russian oil, as well as China's statement regarding the justification of importing Russian oil.

According to economist Serhiy Fursa, the current price of oil is holding at about 66 dollars per barrel, and the market does not foresee a significant drop to 40-50 dollars. For such a dramatic change in price, something serious will be needed, for example, a deep global financial crisis. It was also noted that the efficiency of the oil market reflects real market expectations.