Wednesday, January 7, 2015

The cost of a barrel of Brent fell below $ 50 – Russian newspaper

The cost of a barrel of Brent fell below $ 50 – Russian newspaper

February futures for North Sea Brent crude oil mix during trading fell below $ 50 a barrel. As of 11:27 MSK, a barrel of black gold was worth 49.69 dollars, but by 11:48 MSK he rebounded slightly to 49.99 dollars. This was on January 7 according to data intercontinental London Stock Exchange ICE.

The situation with the February futures WTI light Texas mixture similar: their cost has also continued to fall, showed a decline for the day almost two percent. As of 11:28 MSK barrel WTI traded at 46.86 dollars. Both brands have shown new black gold antirecord: the last time the world has seen such low prices for crude oil is the spring of 2009.

The largest stock markets of the European Union against the backdrop of a prolonged fall of oil prices opened higher – there are waiting for the publication of data on strengthening trends in the euro zone to deflation.

On the Russian stock market the day off. On the eve of January 6, the ruble was not slow in reacting to falling oil prices. During the day, the dollar gained 3.93 percent, reaching the level of 63.24 rubles, and the euro exchange rate – 3.04 percent, not finishing off ten cents to 75 rubles. The official exchange rate of foreign currencies established by the Central Bank of the Russian Federation on all public holidays until January 12 – 56.24 for one “American” and 68.37 for one “European”.

At the end of December, it was reported that Minekonomirazvitiya Ministry drafted a simplified scenario of economic development at an oil price of $ 40 per barrel. With this introduction, according to the head of department Alexey Uklyukaeva, the inflation rate will hold at the two-digit level throughout the coming year. If the black gold futures for a foothold in the region of $ 60, Russia’s GDP could fall by about three percentage points, and then going to happen recovery growth, the Minister concluded.

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