TEHRAN Oct 27 (Shana)–The winter cold and rising Washington-Moscow disputes over Ukraine should lead to the upward trend of oil prices, said an energy expert.
Hassan Moradi, a senior energy expert, believes that fluctuation of prices is inherent in oil markets of the world and the prices have never been stable in years.
The recent decline in oil prices is due to various reasons including slashed oil imports by the US, the economic recession in China, Ukraine’s upheaval and the turmoil in Libya, said Moradi.
However, he said, the rising US-Russia dispute over Ukraine and the usual cold snap in the winter are factors that are expected to pull the prices up in the global oil market.
The Iran Project is not responsible for the content of quoted articles.