The price of Brent crude oil rose above $50

The price of Brent crude oil rose above $50


During today’s trading on the stock exchange ICE cost of Brent crude oil for the first time since 23 September 2015 have risen above $50 per barrel. The maximum price on Brent futures for delivery in November 2015 has reached $50,29, 2.11% above the closing level yesterday.

The jump in oil prices led to appreciation of the rouble. After 16:00 the dollar on the Moscow stock exchange, rising in the morning to 65.27 rubles., fell below to 64.5 rubles. At a minimum, the dollar fell to the level 64,28 RUB, which is 46,9 kopecks below the closing level yesterday.

Simultaneously, the Euro fell to 72,067 RUB 33.9 kopecks below the closing level yesterday.

“Oil continues to support the Russian currency. The hand of oil continue to play geopolitical tensions and the statistics from Baker Hughes. According to the latest data, the number of active drilling rigs in the US continued to fall,” — said the expert FG “BCS” Ivan Kopeikin. According to the Deputy chief of analytical management of Bank “Zenith” Vladimir Evstifeeva, in the near future the state of the ruble can define scheduled for Wednesday the publication of the data about oil stocks in the United States.

By 16:30 Moscow time the price of a barrel of Brent on ICE was $50,16 and the value of the dollar on the Moscow stock exchange — 64,35 RUB.