Russian expert: Global oil prices may soar to $160 per barrel

Golden Ten Data reported on March 10th that, according to Russian Sputnik News, Russian expert Iqbal Guliyev stated that in the coming days, if the G7 makes a positive decision to release additional reserves, oil prices may drop to $100 per barrel. However, we will then once again face geopolitical risks and actual supply shortages. If this situation persists for a long time, we can safely expect oil prices to reach $150-160 per barrel.