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Russia’s ex-finance minister says oil price may plunge to $16-18 per barrel

January 21, 10:01 UTC+3
Alexey Kudrin considers that the lowest possible level
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© Vladimir Smirnov/TASS

DAVOS, January 21. /TASS/. Russia's former finance minister and the head of the Civic Initiatives Committee thinktank Alexey Kudrin does not rule out oil prices could plunge to $16-18 per barrel.

"Today there is a wide range of factors putting pressure on [oil] price. It will be lower than today. It may reach 18 and even 16 [dollars per barrel] but for a short period of time. Indeed, it will be the lowest point," Kudrin said.

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