MOSCOW, July 22. /TASS/. Brent crude is expected to trade in the $80-90 per barrel range over the next month, while a sustained move above $90 would require major disruptions in the market, experts interviewed by TASS said.
"We believe the baseline scenario for the next month is that Brent will fluctuate within a broad range of around $80-90 per barrel. For prices to remain above $90 per barrel, the market would need more than just alarming headlines - it would require truly significant events, such as strikes on oil infrastructure, a prolonged disruption of shipping routes, or substantial supply interruptions," analyst at Finam Financial Group Alexander Potavin said.
According to Potavin, if tensions in the Middle East ease, reducing risks to oil transportation, prices could quickly return to a more stable range of $70-80 per barrel.
"Despite a number of irreconcilable differences between the parties, mediators are making considerable efforts, and the United States and Iran could once again reach a ceasefire agreement," he added.
Kirill Bakhtin, head of the Russian Equities Research Center at BCS World of Investments, said a sharp increase in oil prices in the short term is possible if military confrontation intensifies or if the United States begins preparations for a full-scale ground deployment in the Middle East.
