The ruble rose against the dollar and Euro after continuing to rise in price of oil


Moscow. May 19. INTERFAX.RU US Dollar and the Euro falls at the opening of trading on the Moscow stock exchange on Friday morning, the ruble is rising against the currency basket on the background of the continuing rise in price of oil.

The first transactions in US dollar were in the range 57,15-57,29 rubles/$1, at the end of the first minute of trading, the rate was 57,21 RUB/$1 (-37 cents to the previous closing). The Euro dropped to a 63,64 rubles/EUR1 (-29 cents), the cost of the currency basket fell by 33.4 pennies compared to the closing level on Thursday, to 60.1 rubles.

The dollar has been by 25.83 kopecks below the level of the current official exchange rate of the Euro – 36,17 kopecks below the official rate.

According to experts of “Interfax-CEA”, the ruble rises against the dollar and Euro in early trade Friday amid positive dynamics in the energy market. Oil prices continue to rise on the last trading day of the week, the market is completing a climb for the second consecutive week on optimism that States OPEC and non-OPEC agreed to extend the agreement to limit oil production at the meeting on 25 may. The cost of July futures for Brent crude on the London ICE Futures exchange to 10:00 MSK rose 0.3% to $52,67 per barrel. Futures price for WTI crude oil for July in electronic trading on the new York Mercantile exchange (NYMEX) had risen by this time on 0,38% – to $49,85 per barrel. Since the beginning of this week oil prices Brent and WTI increased by about 4%.

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