Oil market volatility can’t last very long, as $30 per barrel may emerge as the low-point for the year, the head of a Russian financial services company said. Crude oil prices are pulling away from weekly lows of around $27 per barrel, surging back above the $30 mark in early Friday trading. A midterm market report from the U.S. Energy Information Administration forecasts Brent crude oil to average $40 per barrel for the year, with West Texas Intermediate, the U.S. benchmark for crude oil, selling at a $2 discount to Brent. Herman Gref, the chief executive officer at Russia’s Sberbank, said from the sidelines of the World Economic Forum in Davos, Switzerland, that midterm swings of […]