The ruble strengthened slightly against the dollar and the Euro on the background of stabilization of oil prices


Moscow. June 15. INTERFAX.RU US Dollar and the Euro down slightly at the opening of trading on the Moscow stock exchange on Thursday, the ruble slightly strengthened against the currency basket on the background of stabilization of oil prices.

The first transactions in US dollar were in the range of 57.42-57,52 rubles/$1, in the first minutes of trading the course is made up 57.43 RUB/$1 (-0.8 penny to the previous closing). The Euro dropped to 64, 36 rubles/EUR1 (-8,5 pennies), the value of the currency basket fell by 4.2 kopeks against Wednesday’s closing level, before 60,55 of the ruble.

The dollar has been on 39,72 penny above the level of the current official exchange rate of Euro to of 41.19 kopecks above the official rate.

According to experts of “Interfax-CEA”, the ruble rises slightly against the dollar and Euro in early trade Thursday amid stabilization in oil prices after falling to its lowest levels from November to the end of the previous session. The cost of the August futures for Brent crude on London’s ICE Futures exchange at 10:01 Moscow time has risen on 0,02% – to $47,01 per barrel. Futures price for WTI crude oil for July in electronic trading on the new York Mercantile exchange (NYMEX) decreased by this time by 0.09% to $44,89 per barrel. At the end of the previous session, oil prices fell in the range of 3.5-3.7 per cent.

The fall in oil prices on Wednesday was encouraged by the data of U.S. Department of energy reporting less significant than expected reduction of oil reserves in the country. In addition, increased gasoline stocks, which was a surprise to experts, who expected the increase in demand for gasoline at the height of the driving season.

According to the energy Ministry, oil reserves in the U.S. last week fell by 1.66 million barrels. Citi Futures experts predicted reduction of stocks at 2-3 million barrels. Gasoline inventories in the U.S. rose last week by 2.1 million barrels to its highest level in nearly three months, distillates – by 328 thousand barrels. Oil production in the U.S. increased for the week by 12 thousand barrels per day (b/d) – up to 9.33 million

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