The ruble increased at the start of trading Thursday


Moscow. December 10. The ruble rose against the dollar and Euro on the Moscow stock exchange at the opening of trading on Thursday in response to correctional growth of the world prices of oil.

The first transactions in US dollar were held within 69,12-69,38 of the ruble in the first minutes of trading, the rate was 69,223 ruble (-14,5 penny to the previous closing mark). Euros in early trading is 76.09 rubles/EUR1 (-35 cents). The bi-currency basket amounted to $ 72,31 ruble (-23,7 penny).

However, the dollar was at 2,23 penny above the current official rate, the EUR 53,05 kopecks above the official rate.

According to experts of “Interfax-CEA”, the growth of the ruble on Thursday morning associated with a rising correction oil, after declining in the previous trading to its lowest levels since February 2009. The cost of the January futures for Brent crude on London’s ICE Futures exchange at 10:00 Moscow time has grown on 1,17% – to $40,58 per barrel. Futures price for WTI crude oil for January in electronic trading on the new York Mercantile exchange (NYMEX) had risen by this time by 0.75% to $37,44 per barrel.

According to the U.S. Department of energy, commercial oil reserves in the country decreased for the first time in 11 weeks. Last week, the reserves decreased by 3,57 million barrels, while experts surveyed by Bloomberg had expected them increase by 1.3 million barrels. Despite the decline, stocks remain above average for five years more than 120 million barrels. Meanwhile, American oil company Chevron announced on Wednesday his intention to cut spending on exploration and drilling, as well as other projects in 2016 to 24% due to the drop in oil prices.