MOSCOW, December 8. The Euro against the ruble on the Moscow stock exchange during the auctions has grown in comparison with level of closing previous trading at 77 cents to 76,14. RUB. and exceeded the mark of 76 rubles on September 15.
The dollar reached 70 rubles and is located at 69,87 RUB.
The Russian currency depreciates following the sharp fall in oil prices. Thus, the cost of futures for oil of mark Brent with delivery in January 2016 on the stock exchange ICE in London fell by 2% to $39,99 per barrel climbing above $40 a barrel for the first time since February 2009.
OPEC Ministers meeting in Vienna in December 4, recognized that it would not comply with the established quotas, and intends to maintain the actual level of production. The decision about the new level of quotas was postponed until the next OPEC meeting June 2, 2016. “This decision, though it did not change the essential balance in the balance of supply and demand, was negative for oil prices, which immediately affected Russian stock market and the ruble”, – considers analyst IK “Veles Capital” Alexander Kostyukov.
© Sergey Konkov/TASS archive
Why the ruble falls. Projections and estimates