The probability of another drastic collapse in oil prices is low, though recovery won’t be substantially above current rates, Russia’s Central Bank chief said. The price for Brent crude oil was holding below $45 per barrel in early trading, about 15 percent below its peak for the year, but 60 percent above the low point for 2016. Elvira Nabiullina, the head of the Russian Central Bank, said she expected oil prices to hold around $40 per barrel for at least a few years, but it was unlikely that oil prices would collapse again. “We estimate the probability of risk scenario as low,” she was quoted by Russian news agency Tass as saying. Global investors viewed a September proposal from members of […]