The oil price may rise again to around $100 per barrel in the medium-term prospect, former chief economist and director of research of the International Monetary Fund (IMF), Professor of Economics at Harvard University Kenneth Rogoff told a news conference at TASS devoted to the Gaidar economic forum in 2015.
On Tuesday the oil prices continued falling hitting their lows since the spring of 2009. The price of Brent crude fell by 4.3% on the Intercontinental Exchange (ICE) in London to $45.39 per barrel while WTI dropped by 3.39% to $44.52 per barrel
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