9 Dec 2010 17:18

Crude oil price projected to remain at $75 per barrel - Nabiullina

MOSCOW. Dec 9 (Interfax) - The basic forecast for the price of crude oil will not decrease and will stay at the 2010 level at $75 per barrel, Russian Economic Development Minister Elvira Nabiullina. said

"As for the basic forecast for crude oil prices, we are not going to correct prices toward reduction," she told journalists.

This is a conservative projection and "we believe that the oil price will be approximately at the 2010 level, given the inflation of the dollar," she said.

I am talking about $75 per barrel, she said.