The ruble strengthened against the dollar and the Euro amid rising oil


Moscow. January 14. The US dollar and Euro reduced by “Moscow exchange” on Thursday evening, the ruble moderately strengthened against the bi-currency basket on the background of the positive rebound in the international oil exchanges.

The U.S. dollar totaled 76,325 rubles/$1 at 19:00 in Moscow, it is 35.2 kopecks below the closing level of the previous trading session. Euro at this point was worth 82,733 rubles/EUR1, down to 66,2 penny. The value of the currency basket ($0.55 and EUR0,45) fell 49 cents, to 79,21 ruble.

The dollar and the Euro rose slightly on the “Moscow exchange” with the opening of trading, but in the middle of the day turned to a decrease of the background outlined to improve the situation on the international oil exchanges.

Oil quotations grow on Thursday night, but traded close to the minimum values for 12 years on fears of the worsening imbalance of supply and demand in the market after the lifting of sanctions against Iran. The cost of the February futures for Brent oil, which ceased trading Friday, on London’s ICE Futures exchange to 19:00 Moscow time has increased by 2.6% to $31.1 per barrel. Futures price for WTI crude oil for February in trading on the new York Mercantile exchange (NYMEX) has increased by this time by 3% to $31,39 per barrel.

Some support to oil quotations was rendered by news about the bombing in Jakarta, capital of Indonesia, who is a member of OPEC. On Thursday in Jakarta was rocked by six explosions, then the shooting occurred. According to preliminary data, the attack was attended by up to 14 militants, including three suicide bombers.