The ruble remained stable against the currency basket after Friday’s growth


Moscow. July 17. INTERFAX.RU – the U.S. Dollar increases, the Euro is reduced at the opening of trading on the Moscow exchange on Monday, the ruble is stable against the currency basket after growth on Friday.

The first transactions in US dollar were in the range of 59.1-59,16 rbl./$1, at the end of the first minute of trading, the rate was 59,12 RUB/$1 (+2.75 kopecks to the previous closing). The Euro fell to 67,72 rubles/EUR1 (-3,5 pennies), the value of the currency basket fell by only 0.6 kopecks relative to Friday’s closing level, before 62,99 ruble.

The dollar has been on 76,31 kopecks below the level of the current official exchange rate of the Euro – 64,47 kopecks below the official rate.

According to experts of “Interfax-CEA”, the ruble was only slightly changed against the dollar and Euro after a significant increase Friday. Support the national currency has a beginning tax period, and the positive dynamics of oil quotations. Oil prices reference marks are rising on Monday on expectations of growth in global demand for fuel in the second half. According to the representative of Kuwait to the OPEC Haitami al-Haisa, world oil reserves will decline increasingly in the second half against the backdrop of increasing global demand and fulfillment of the terms of agreement to limit production countries of the cartel. Price of the September futures for Brent crude on London’s ICE Futures exchange at 10:01 Moscow time has risen on 0,25% – to $49,03 per barrel. Oil WTI with delivery in September in electronic trading on the new York Mercantile exchange (NYMEX) rose by 0.21% to $of 46.66 per barrel. Weekly growth of both brands exceeded 5%.

Meanwhile, oilfield services company Baker Hughes said last Friday that the number of oil rigs in operation in the U.S. last week increased by two units, to 765. The figure was the lowest since may.

Source