Russian Expert: Global Oil Prices Could Surge to $160 Per Barrel

Odaily According to a report from Sputnik, Russian expert Iqbal Guliyev stated that in the coming days, if the G7 makes a positive decision to release additional reserves, oil prices may drop towards $100 per barrel. However, we will then face geopolitical risks again, leading to an actual shortage in supply. If this situation persists for a long time, we can safely expect oil prices to reach $150-160 per barrel. (Jin10)