LONDON, January 15. The cost of futures for oil of mark Brent with delivery in March 2016 on the stock exchange ICE in London fell 7.18% to 28,81 dollar. This is evidenced by data exchange.
The price of oil of grade WTI traded at the level of 29.2 us dollars per barrel.
On this background the dollar exchange rate against the ruble on the Moscow stock exchange is growing by 2.3% to 77.8 rubles, the Euro against the ruble rose by 3.2% to 85,3 RUB.
Expert opinion
In the current situation to predict the reversal of the downward trend is extremely difficult, says expert “BCS Express” Vasiliy Karpunin.
Expert opinion
Author: Konstantin KORISHCHENKO
Korishchenko
Constantine
“The whole range from 28 to 31 USD per barrel of Brent is to start a temporary bounce. It is obvious that in conditions like this oversold correctional growth can be very significant, more than 10% from the lowest point. It is worth mentioning that last year the bottom of the downtrend just had at the end of treatment February contract (16 January 2015). No one can rule out that something similar we will see this year”, – the expert believes.
In addition to oil on the ruble puts pressure low activity of exporters on the foreign exchange market. “Russian exporters are not practically active in the foreign exchange market. Taking into account the upcoming in this month tax payments is unclear why they have been inactive – consider that perhaps a further fall of the ruble, or continue to celebrate the holidays,” said a senior strategist at Sberbank CIB Vladimir Pantyushin.
See also
From high to collapse: the dynamics of oil prices since 2000
