International rating agency Moody's does not expect a sharp rise in oil prices in the medium term, RNS reported quoting the agency.

Analysts of Moody's believe that in the near future the world prices for oil will fluctuate in the range of $40-60 per barrel. In 2016, the benchmark Brent will bargain $ 40 per barrel in 2016 and $ 45 in 2017.

Moody's specialist Steffen Dick stated that although they have revised towards increase forecasts for prices of oil in the short term, the forecast for low prices in medium-term prospect remains invariable.

 According to the analyst, the Arabic countries which strongly depend on the oil prices will continue to experience financial difficulties. According to Dick, financial stability of these countries will be defined by actions of their governments concerning the structural problems caused by the low prices of oil.