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Head of Russia's Rosneft says U.S. Fed rate decision hitting oil prices

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By Reuters
Head of Russia's Rosneft says U.S. Fed rate decision hitting oil prices
Rosneft Chief Executive Igor Sechin attends a meeting of Russian President Vladimir Putin and Venezuelan President Nicolas Maduro at the Novo-Ogaryovo state residence outside Moscow, Russia December 5, 2018. REUTERS/Maxim Shemetov   -   Copyright  MAXIM SHEMETOV(Reuters)

MOSCOW (Reuters) – The head of Russian oil giant Rosneft <ROSN.MM>, Igor Sechin, said the slump in oil prices was mostly linked to a fresh interest rate hike announced by the U.S. Federal Reserve last week.

Sechin added that he saw oil prices at at $50-53 per barrel next year.

(Reporting by Olesya Astakhova and Vladimir Soldatkin; Writing by Gabrielle Tétrault-Farber; Editing by Robin Pomeroy)