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    Oil prices may remain under $40 per barrel for quite a long time.

    Oil Prices May Remain Below $40 per Barrel for Long Time - Russian Official

    CC BY 2.0 / Justin Vidamo / The Burning of the Sky
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    Oil prices may stay under $40 per barrel for quite a long period, a senior Russian official said.

    MOSCOW (Sputnik) – Oil prices may remain under $40 per barrel for quite a long time, Russian Presidential Aide Andrei Belousov said Tuesday.

    “We think there is reason to believe that this may last quite a while,” Belousov told journalists in response to whether oil prices are bound to remain low or if the current low prices are just a short-term phenomenon.

    Belousov refused to be more precise as to how long oil prices would be below $40.

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    oil prices, Andrei Belousov, Russia
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