Russian Finance Minister: Oil prices could continue to slide

Oil prices are likely to go on sliding in the near future, Russian Finance Minister Anton Siluanov said.

"Today there's a very tight balance on the oil market, we're seeing that nobody is cutting oil production. We're likely in the short term to see further decline in prices for this commodity," he said.

"Indicators for this commodity are unlikely to increase in the short term as the global economy declines and oil stocks remain high," he said in addition.

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