Oil prices in line for volatility or increase - Kudrin
MOSCOW. March 16 (Interfax) - Deputy Russian Prime Minister Alexei Kudrin, who is also the country's finance minister, has said he expects that the earthquake in Japan and its consequences, as well as the ongoing political unrest in the Middle East, will either drive the cost of oil up or cause price volatility.
"We see a contradictory impact [of the catastrophe in Japan] on oil markets, it could fell prices at this point, which would somehow not follow strict logic. Because the energy crisis and shortages are increasing, Middle Eastern markets have not improved. So we will most likely have volatility on oil markets or even rising prices," Kudrin said.
Oil prices cannot rise unendingly, because that would immediately start to limit world economic growth, Kudrin said.
