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Fall in oil prices short-term, will stabilize at $55-65 per barrel, according to BP

ST.PETERSBURG, June 6. / TASS /. The fall in oil prices is short-lived, the market will stabilizing at $ 55-65 a barrel, the Head of BP Bob Dudley told reporters at the St. Petersburg International Economic Forum on Thursday.

I think it is a short-term fluctuation; there is a reasonable balance on the market today. This are just some uncertainty and geopolitics, but I think that fundamentals remain. We are in BP expecting between $55 and $65 per barrel," said Dudley.