Elvira Nabiullina on Oil

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Last quote by Elvira Nabiullina on Oil

We observed that the reaction of oil markets to this prolongation of the OPEC agreement is a bit different to what markets expected, and the oil price is a bit lower than many expected as a result of this OPEC agreement. We see many medium-term factors that are absolutely unclear about oil markets. That's why we think we should be conservative in our forecast of oil markets. We think these factors are so changeable that oil markets could stay quite volatile.feedback
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Jul 14 2017
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