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Russia chief: Oil prices may drop to $40/bbl in 2018
September 15, 2017 / 12:26 PM / a month ago

Russia chief: Oil prices may drop to $40/bbl in 2018

MOSCOW, Sept 15 (Reuters) - The head of Russia’s central bank, Elvira Nabiullina, said on Friday she believed that oil prices could fall as low as $40 per barrel next year from their current levels of above $50.

Speaking at a news briefing, Nabiullina also said that higher salaries were not stoking inflation for now, and that the current account would remain positive in 2018-2020. (Reporting by Jack Stubbs and Andrey Ostroukh; Writing by Vladimir Soldatkin; Editing by Andrew Osborn)

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