Planet Gore

Oil Prices Set to Come Down?

Reuters:

MOSCOW, Sept 17 (Reuters) — Russian Finance Minister Alexei Kudrin said on Thursday the current oil price is overheated and that he expects a correction in three to six months.

’It looks like the price is overheated. It will, of course, correct in three or six months when the Federal Reserve will start pulling liquidity out of the market,’ Kudrin told lawmakers in the upper house of parliament.