The CBR expects that the Cost of oil could rise to $ 100 per barrel in the coming quarters, given the continuing instability in the middle East and Ukraine, according to the report on monetary policy of the regulator.

the price of October futures price for North sea petroleum mix of mark Brent Crude Oil last week fell below the key level of 100 dollars per barrel. On Thursday, the Price for oil of mark Brent fell to a minimum more than two years. The price drop is associated with increased production in Libya and the beginning of the export of light oil in the USA.

" The CBR expects that the Price for oil Urals in the coming quarters will return to the level above $ 100 per barrel given the continuing geopolitical risks in the middle East and Ukraine ", - the report of the Central Bank.

The controller indicates that in Iraq the insurgents, under control of which there remain a number of oil fields continue to attack strategic and oil installations, the tension in the country is saved. For its part, the potential expansion of oil production in Libya is limited by the capabilities of the worn and damaged infrastructure.

sections: Politics