Moscow. December 15. The dollar fell slightly and the Euro has grown against the ruble on the Moscow stock exchange at the opening of trading on Tuesday, the rouble stable against the bi-currency basket in anticipation of a positive correction in global oil exchanges.
The first deals by dollar were within 70,37-70,51 of the ruble in the first minutes of trading, the rate was 70,40 ruble (occupies 15,5 a penny to the previous closing mark). Euros in early trading 77,77 ruble (+20,9 penny). The bi-currency basket amounted to 73,716 of the ruble (rising by just 1 penny).
However, the dollar was at 17,56 penny above the current official rate of Euro on 80,41 kopecks above the official rate.
According to experts of “Interfax-CEA”, after a significant fall during the past three weeks under the pressure of falling oil prices the ruble in early trading on Tuesday trying to stabilize in anticipation of possible positive correction in global oil exchanges. The oil Minister of Nigeria and OPEC’s President Emmanuel IBE Cacique said that OPEC may need to hold a “very urgent meeting”, if by February 2016 oil prices will not begin to grow. At the meeting of the 4 December OPEC decided not to adhere to the established quotas and intends to maintain the actual level of production, amounting to about 31.5 million barrels a day.
The cost of the January futures for Brent crude on London’s ICE Futures exchange at 10:10 Moscow time has decreased on 0,45% – to $37,75 per barrel. By the close of the market on Monday, the futures price fell by 0.03% to 37,92 per barrel. Futures price for WTI crude oil for January in electronic trading on the new York Mercantile exchange (NYMEX) decreased by this time by 0.33% to $36,19 per barrel. According to the results of previous trading day, the contract rose to 1.94 percent, to $36,31 per barrel.