The expert told what will happen to oil prices next week

MOSCOW, 18 Sep — PRIME. Oil prices came under pressure after negative data on inflation in the US and lower demand forecasts from the International Energy Agency (IEA), Igor Galaktionov, an expert on the stock market at BCS World of Investments, told Prime.

Next week, the focus will be on the US Federal Reserve meeting, at which the regulator will make a decision on the key rate and give guidance on further monetary policy. Markets are looking for a 75 basis point move but are not ruling out a more drastic 100 basis point move.

Investment banks are gradually reducing their forecasts for oil prices, but on the horizon of 2023, most analysts still expect an average price of at least $90 per barrel. In recent days, this frontier has indeed remained a point of attraction for oil quotes.

Market participants are selling more actively than buying, but the amplitude of fluctuations is fading and there is no excessive pressure below $90. Probably next week we will see a range of 87-93 dollars per barrel.