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    Oil Price Unlikely to Return to $100 Per Barrel - Russian Finance Minister

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    Global oil prices are unlikely to ever reach $100 per barrel again, Russian Finance Minister Anton Siluanov said Wednesday.

    MOSCOW (Sputnik) — Global oil prices are unlikely to ever reach $100 per barrel again, Russian Finance Minister Anton Siluanov said Wednesday.

    "Now, as you see, there is a new reality. The oil price of $100 per barrel is unlikely to return, it is history," Siluanov told reporters.

    World oil prices have fallen by nearly two-thirds since mid-2014 due to market oversupply, with Brent crude averaging $48.94 per barrel and WTI $45.68 per barrel as of September 16.

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    Oil, price drop, Anton Siluanov
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