Oil prices continue to fall, falling below $34 a barrel

Oil prices continue to fall, falling below $34 a barrel


MOSCOW, 1 February. The cost of futures for oil of mark Brent with delivery in April 2016 on the ICE stock exchange in London fell below $34 per barrel. This is evidenced by the trade data.

In turn, the dollar and the Euro accelerated the growth of the ruble on the Moscow stock exchange. In particular, the Euro increased by 3%, with up to 84.2 81,595 RUB rubles, the dollar by 2.5%, to 77.3 75,73 RUB.

The stock indices of the Russian Federation ended the trading session lower amid renewed drop of oil. So, the MICEX index (MICEX) on the results of today’s trading on the Moscow exchange fell 0.66% to 1773,21 points, and RTS – 2% to 730,39 item.

Earlier, the price of Brent oil exceeded $36 per barrel. As noted by the expert of “BCS Express” Ivan Kopeikin, on the prices of raw materials was influenced by the expectation of possible discussion of supply reduction by OPEC countries and Russia.

Infographics


Prices for Brent crude and the dollar

Prices for Brent crude and the dollar. Infographics