Russia predicts oil price ceiling at $60 per barrel

Russia predicts oil price ceiling at $60 per barrel Moscow (UPI) Feb 6, 2017 - Oil prices might not break through a ceiling of $60 per barrel before 2019 and continue to present risks to Russia's economy, the Finance Ministry said. The Central Bank of Russia last week pointed to slow growth for 2017 in defense of a decision to keep its key rate unchanged at 10 percent. That came even as the bank's board of directors said economic recovery last year was better than ... more

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