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Drastic volatility in oil market unlikely, market balanced - minister

October 14, 18:54 UTC+3

The oil market is well balanced so the price is unlikely to change drastically, Maksim Oreshkin said

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WASHINGTON, October 14. /TASS/. The oil market is well balanced so the price is unlikely to change drastically, Russia’s Economic Development Minister Maksim Oreshkin told reporters on the sidelines of the annual winter meetings of the World Bank Group and the International Monetary Fund on Saturday.

"While the market is somehow balanced, supplies are normalizing step by step, so drastic volatility in the oil market is unlikely," he said.

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