Russian deputy fin min says oil bulls will be disappointed for a long time

No jawboning from Russian deputy finance minister
Russian deputy finance minister Kolychev is on the wires with some less-than-enthusiastic talk about oil. He said prices are likely to stay in the $40-$50 range for 5-7 years. In addition, he said risks are that prices could fall below $40 and that it’s hard to say if the OPEC deal will help the market rebalance.