The price of Brent crude back to $33 per barrel, the rouble wins back morning losses

The price of Brent crude back to $33 per barrel, the rouble wins back morning losses


LONDON, January 11. The price of a futures contract with February delivery of oil grade Brent on London exchange ICE decreased the drop to 1.4% and exceeded us $ 33/bbl., rising to 33,02 USD/bbl.

Expert opinion

Author: Konstantin KORISHCHENKO
Korishchenko
Constantine

Earlier Monday the cost of the futures on Brent oil fell 3.07% to 32,52 dollars per barrel. From the beginning of 2016 Brent price fell 12%. On this background the dollar exchange rate against the ruble on the Moscow stock exchange at the opening of trading on Monday increased in comparison with level of closing of previous trading session by 1.55 rubles and amounted to 76,31 rubles, exceeding the mark of 76 rubles for the first time since December 16, 2014. In addition, the Euro was up 3.35% 83,97 RUB marks

However, as of 12:00 Moscow time the ruble began to win back positions against the background of reduction of falling oil prices. So, the dollar reduced the increase to 57 cents and is 75,33 of the ruble, while the Euro reduced the increase to 1.31 per ruble at the level 81,93 ruble.