The Euro on the Moscow stock exchange for the first time in almost two weeks has fallen below a mark 85 rbl. the minimum cost of the European currency in the first minutes of today’s trading dropped to 84,802 rubles, which is 99.9 kopecks below the closing level yesterday. The previous time below 85 rubles, the Euro fell by 4 February 2016.
Simultaneously, the dollar fell below 76 rubles, a decrease of the minimum to 75,94 RUB by 1.01 rubles. below the closing level of the previous trading session. Previously below 76 rubles. the dollar on the Moscow stock exchange fell by 4 February 2016.
Strengthening of ruble happens against the background of rising oil prices. During today’s trading on the stock exchange ICE cost of a barrel of Brent rose to $35,3, 5.71% higher than the closing level yesterday.
Quotes for oil went up after the trades appeared before the reports of forthcoming negotiations of the heads of the Ministry of energy Alexander Novak and Minister of oil of Saudi Arabia Ali al-Naimi.
“Oil prices continue to rise, the reason for optimism once again serve as speculation about a possible decline of oil production: so, today in Doha will meet with Ministers of Saudi Arabia, Russia and Venezuela. Against this background, we maintain the expectations that oil prices can rebound to $36/bbl. today. Nevertheless, it is unlikely that the parties will take coordinated solution, respectively, the potential for growth in the oil short-term. We believe that by the end of the week, the oil falls back to $32-34/barrel.”, — the analyst PSB Ekaterina Krylova.
By 10.25 Moscow time the cost of a barrel of Brent crude on the ICE stock exchange was $35,26, the ruble on the Moscow stock exchange by this time was 76,043 rubles., the Euro — 84,924 RUB.