The expert assessed the prospects for rising Brent oil prices

The risks of an escalation of the conflict in the Persian Gulf remain a key factor for the oil market and may lead to further price increases. Spartak Sobolev, head of the Alfa-Forex Investment Strategy Research Department, told Izvestia about this on March 30.

"For the May Brent contracts, the trading range of $100-120 remains, with the possibility of expanding the upper limit on signals of an escalation of the military conflict in the Middle East," the expert noted.

According to Sobolev, the current dynamics of the oil market is largely determined by geopolitical risks. Tensions in the Persian Gulf continue to put pressure on supply and generate expectations for further price growth.

The expert stressed that in the short term, oil prices will remain in the range of $100-120 per barrel. At the same time, increased military escalation may lead to prices going beyond the upper limit and increased volatility in the market.

Sobolev added that investors are closely monitoring the development of the situation in the Middle East, as any new signs of escalation can quickly affect the cost of energy resources.

Exchange rate and events: expensive oil and weak ruble will support shares of Russian exporters

Which companies will benefit and what will happen to the stock market

Earlier, on March 27, Sobolev reported that prices on the global oil market slowed down after US President Donald Trump announced the suspension of strikes on Iran's energy infrastructure. According to him, information stuffing about a possible US ground operation supports oil prices above $100 per barrel of Brent. In case of further escalation of the conflict, quotations may rise to the range of $ 115-120 per barrel.

All important news is on the Izvestia channel in the MAX messenger.