11:36 - 11.04.2022

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April 11, Fineko/abc.az. "Despite the fact that oil prices are still comparatively high, the recent decline in prices once again confirms that fluctuations can always be observed in stock markets,” ABC.AZ reports, citing MP Vugar Bayramov.

He noted that this not only increases the importance of the development of the non-oil sector, but also strengthens the priority of reducing dependence on oil.

"Despite the West expanded the sanctions against Russia, world oil prices have been declining in recent days. Although black gold is still offered on the world market at a relatively high price, the sanctions did not lead to the expected sharp increase in prices," the MP said.