The ruble fell slightly against the dollar and the Euro after strong gains yesterday


Moscow. July 13. INTERFAX.RU US Dollar and Euro are rising at the opening of trading on the Moscow stock exchange on Thursday, the ruble declines against the currency basket, korrektiruete after strong gains yesterday.

The first transactions in US dollar were in the range 60,03-60,1 rubles/$1, at the end of the first minute of trading, the rate was 60,06 RUB/$1 (+5 kopecks to the previous closing). The Euro edged up to 68,75 rubles/EUR1 (+25,25 pennies), the value of the currency basket rose by 14.11 kopecks relative to Wednesday’s closing level, to 63,97 of the ruble.

The dollar has been on 56,772 kopecks below the level of the current official exchange rate of the Euro – 69,94 kopecks below the official rate.

According to experts of “Interfax-CEA”, the ruble falls slightly against the dollar and Euro, after strengthening korrektiruete on the eve on the background of growing market interest in the carry trade and rising oil prices for the third session in a row. On Thursday morning, quotes “black gold” slightly stronger, traders continued to digest weekly data of U.S. Department of energy, reported on the eve of a sharp reduction of oil reserves while increasing production. The cost of the September futures for Brent crude on the London ICE Futures exchange to 10:00 Moscow time has risen on 0,1% – to $47,69 per barrel. Futures price for WTI crude oil for August in electronic trading on the new York Mercantile exchange (NYMEX) has increased by this time on 0,07% – to $45,46 per barrel.

The oil reserves in the U.S. declined for 11 of the last 13 weeks, a decrease was the highest since September against the background of reduction of import of raw materials from Saudi Arabia and increasing exports. As reported by the Ministry of energy, oil stocks declined last week by 7.6 million barrels with average forecasts for a decline of 2.6 million barrels. While oil production in the U.S. rose by 59 thousand barrels a day (b/d) up to 9,397 million b/d.

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