The price of oil for the first time since July 2015 exceeded $55


The price of a barrel of Brent crude on the ICE futures exchange on Monday, 5 December 2016, for the first time since July 24, 2015 rose above $55, according to the auction. At the maximum price of a barrel of Brent reached $55,2, 1.36% above the closing level of the previous trading session. At the same time the cost of barrel of oil WTI for the first time since July 16, 2016 rose above $52.

The rise in oil prices has led to a new strengthening of the ruble. Currency trading on the Moscow exchange in the morning on December 5 began with the rise of the dollar, but toward the afternoon the ruble took the initiative, and about 12:30 GMT, the dollar fell to RUB 63,34 0.85% below level of closing of the previous auction.

The Euro against the ruble fell on Monday to 67,58 RUB that on the same 0,85% below the closing level of Friday, December 2.

“The ruble should begin to respond adequately to the increased oil production. Perhaps the growth of the ruble is now holding back the technical picture, with the break of support 63.5 rubles of faith in the ruble will be more. Again, we believe that this year the dollar/ruble has a chance to show 60 roubles” — the analyst of investment Department VTB24 Alexei Mikheyev.

By 13:00 MSK cost of a barrel of Brent crude on the ICE futures exchange was $55,07, the dollar on the Moscow stock exchange reached 63,77 Euro — 67,815 RUB.

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