The Kremlin urged not to worry about oil prices

Press-Secretary of the President of Russia Dmitry Peskov urged not to worry about falling oil prices because, according to him, the situation is purely speculative and shopping time, according to RIA Novosti.

He asked not to give an apocalyptic colouring to care the may futures of the American crude oil WTI below the negative mark, and noted that the incident is not cause for overly negative ratings.

Peskov assured that the Russian authorities have all opportunities to minimise problems. If necessary, signed press-Secretary head of state, will take part.

on the Eve of the may futures of WTI fell to minus 40 dollars a barrel before its implementation. The situation means that traders tried by all means to get rid of paper, because had no opportunity or sell real oil, nor leave it in storage because it was over the place.

against this backdrop, the price of Russian Urals also temporarily fell to negative values. From the start of the trading session on Tuesday to fall beginning all the world’s oil. The reference grade Brent, which is calculated from the price of Urals went below $ 20 per barrel, while the June futures WTI to $ 11.

Saudi Arabia in connection with the collapse of thought about the immediate, and not from may 1, the restriction of output. In the Kingdom does not exclude that late with such actions. In Russia, the Chairman of the Russian security Council and former head of the government Dmitry Medvedev suggested that the jump in the cost of oil associated with a certain cartel.