The ruble has resolved to the upside during trading on the Moscow exchange on Monday. 18:42 the dollar fell to 66.1 rubles, 34 kopecks below the closing level the previous day and more than 2 RUB below the high of the day was 68.8 rubles.
The European currency 18:43 decreased to $ 74,789 lower than on the previous day’s close, when the Euro was worth 74,95. The maximum on Monday, the European currency rose to RUR 77,736
The sharp fall of the ruble at the opening of the Moscow exchange on Monday came amid the decline in oil prices, which sank after a fruitless conclusion of the negotiations of the largest oil producers in Doha.
In trading on Monday, Brent crude declined to $40,58 per barrel, more than $2 below the previous day’s close ($43,1). However, later the price of oil has played a decrease. Around 19:00 Brent overcame $43.
The price of oil began to rise due to the ongoing strike of oil workers of state-owned companies in Kuwait, protesting against plans of the authorities to cut wages and benefits, according to Bloomberg. The protest was meant that enterprises were forced to cut production of raw materials. Earlier influence of this factor indicated independent expert Andrey Lifshitz.
“To resolve this conflict and, consequently, to restore previous production levels in Kuwait (2.8 million barrels. per day) is unlikely earlier than in 3-5 weeks,” expressed confidence the expert.