The price of a barrel of Brent crude oil fell below $35

The price of a barrel of Brent crude oil fell below $35

LONDON, 6 January. The cost of futures for oil of mark Brent with delivery in February 2016 on the stock exchange ICE in London fell by 4.1% to $34,92 per barrel – the lowest level since 2004.

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The dollar for the first time in December 2014 reached the level of 74 rubles due to the sharp drop of oil

Against this background, the Russian ruble is also under strong pressure, say experts “BKS the Express train”. So, the dollar at auction Moscow stock exchange on Wednesday rose above $ 74 rubles – for the first time since December 16, 2014.

On the oil pressure decision of the state company of Saudi Arabia Saudi Aramco to increase discounts on the basic grades of oil for consumers from Europe, explains the dynamics of oil prices, the expert of “BCS Express” Vasiliy Karpunin.

“$0.6 decreases the price per barrel for the countries of Northwest Europe and $0.2 for the countries of the Mediterranean region. However, for American buyers mark Extra Light will drop by $0.5 per barrel”, – said the expert.

Bloomberg predicts a significant rise in the dollar in 2016

The us dollar by the end of the current year will be significantly strengthened relative to most major currencies of the world. Such predictions on January 2 published by Bloomberg.

Expert opinion

Author: Konstantin KORISHCHENKO

According to his estimates, the depreciation of the Euro against the U.S. dollar, in particular, will amount to almost 3%. The yen weakened against the us currency by 3.5%, the Swedish Krona, Danish Krone and Australian dollar by approximately 5%. The decline of the Swiss franc against the national currency of the US will reach almost 6%, while the new Zealand dollar will exceed 7.5%.

In accordance with the Agency’s forecast, to strengthen against the dollar by the end of 2016 should the canadian dollar by approximately 3.5%, the pound sterling by 2.5% and the Norwegian Krone by 1.2%.

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From high to collapse: the dynamics of oil prices since 2000