November 14, 2018 / 12:06 PM / a month ago

Russian EconMin says oil prices may dip lower in short term - Ifax

MOSCOW, Nov 14 (Reuters) - Prices for oil may dip even lower in the short term but the situation looks more stable in the medium and longer term, Economy Minister Maxim Oreshkin said on Wednesday, Interfax news agency reported.

Oil prices are declining as the market deficit that was seen in early 2018 has now evaporated, Oreshkin told reporters in Singapore. (Reporting by Andrey Ostroukh; Editing by Toby Chopra)

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