MOSCOW, Mar 23 The fall in world oil prices was caused by the banking crisis in the United States, but in the short term they will return to their previous levels, Russian Deputy Prime Minister Alexander Novak believes .
«I believe that the fall in prices is due to the banking crisis, which raised quite a lot of risks for the economy as a whole. And, of course, the oil market reacts to this. But, as we see, the situation is getting better, and the price is also somewhat back has already rebounded. In my opinion, even in some short-term perspective, it should recover to the previous level,» Novak answered a question from journalists about whether he expects the decline in oil prices to stabilize in the second half of the year.