Any Russian economic rebound would stall if oil prices stay at $40 a barrel, even if such an outcome wouldn’t create “risks” for the banking industry or the budget, Economy Minister Alexei Ulyukayev said. A pessimistic case for next year’s outlook assumes an average oil price of $40 a barrel, though it’s more likely that crude will average $50 a barrel, Ulyukayev said in an interview with state television on Monday. In that scenario, volatility eases in the second half of the year and prices resume a positive dynamic, he said. Oil fell to the lowest level in more than six years in London amid speculation that a record global glut will be prolonged after OPEC effectively abandoned its longtime strategy of limiting output to control prices. If oil prices remain at $40 a barrel on average next year, “we won’t move to a positive trend for the main […]