OIL The central bank of Russia has forecasted that oil prices will stabilize at $60 per barrel. The bank’s outlook is based on the expectation of a recovery in global demand as trade restrictions ease. The bank made this prediction during its board meeting on April 25, the details of which were made public on Monday.The central bank of Russia believes that global demand will bounce back as trade restrictions and tariffs are minimized. This recovery is also expected to be supported by the implementation of various government support measures. The bank’s projection of oil prices stabilizing at $60+per barrel is tied to these factors.
