MOSCOW, December 16. The dollar against the ruble on the Moscow stock exchange at the opening of trading on Wednesday increased in comparison with level of closing of previous trading day by 25 kopecks and amounted 70,19 ruble.
Sands: the Kremlin watching the fluctuations of the ruble, they call for caution
The MICEX index at the opening of trading of the Moscow exchange on Wednesday rose 0.2% to 1746,18 item.
The increase in the official rate
Earlier, the Bank of Russia was established on December 16, the official dollar exchange rate at the level 70,8295 ruble. The Euro increased by 1 ruble 26,53 78,2312 kopecks to the ruble. While the official exchange rate of the CBRF increased to a maximum value in the entire history of the denomination in 1998. More the dollar was worth only in December 1997 before the denomination of the ruble.
Fluctuations in oil prices
The price for oil grade Brent on London exchange ICE December 15 has risen above $38 per barrel. As of 17:40 GMT, the January futures contract rose 1,82% to $38,61 per barrel.
Yesterday the price of Brent dropped 4% to $36.4 per barrel, breaking the mark of $37 per barrel for the first time since December 2008.
On oil prices continues to pressure the OPEC decision on quotas on oil production. So, at the end of 168-th meeting in Vienna on 4 December, the Ministers of oil of the OPEC has not taken a clear decision on production quotas because of the position of countries that are not members of the organization. Currently the volume of oil production by OPEC members is estimated to be 31-32 million barrels/day. The previous quota was 30 million barrels/day.