The NBU explained the dynamics of oil prices

В НБУ объяснили динамику цен на нефть

Fresh Macroeconomic and monetary review, prepared by specialists of the NBU, due, in particular, and the dynamics of prices in the oil market. The paper noted that quotes could sink more deeply, if the geopolitical situation in the middle East would be more peaceful, reports

The National Bank believe that the geopolitical tensions in the middle East keeps oil prices from a serious fall. It is this reason named a major in the new Macroeconomic and monetary review prepared by experts of the regulator. In July, oil prices were moving mostly downward under the pressure of fears of market participants pending the slowdown in the global economy. Accordingly, the demand for “black gold” decreased, while the supply of raw materials remain the same.

If the middle East geopolitical situation would be more stable, that under present expectations, prices dipped below current levels, as the downtrend has been fairly steady. This is a confirmation and assessment of global oil demand – the corresponding figures of the International economic Agency is revising downward for the second time in a row. See also: the national Bank noted the improvement of the world price conjuncture for Ukrainian exporters.