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

According to reports, Russian expert Iqbal Guliyev stated that in the coming days, if the G7 makes a positive decision to release additional reserves, oil prices could drop to $100 per barrel. However, we will then face geopolitical risks again, and actual supply shortages will arise. If this situation persists in the long term, we can safely expect oil prices to reach $150-160 per barrel.