Russian Deputy PM Novak says the global oil market will still be in turbulence for some time, and will take several months to stabilise, Interfax reports

Novak's comments highlight ongoing instability in the global oil market, suggesting persistent volatility that could affect pricing and supply dynamics. This could lead to increased caution among traders in the energy sector and may impact inflation expectations, which in turn might influence central bank policy in major economies. Keep an eye on oil prices and currencies tied to energy markets as sentiment adjusts.