Monday, August 15, 2016

The price for Brent for the first time exceeded $ 48 a month on rumors of OPEC talks – RBC

Photo: Reuters / Pixstream

In the course of Bid price of a barrel of Brent increased by 2.5%. The growth of oil prices has stimulated a new appreciation of the ruble – dollar exchange rate for the first three weeks, fell below 64 rubles

World oil prices continue to rise amid forecasts that during the September meeting of the representatives of the OPEC states will be able to agree on limiting. oil production. On Monday, in the course of trading on the stock exchange price of the ICE Brent barrel for the first time in the past month has risen above $ 48.

At the height of barrel of Brent oil price reached the level of $ 48.16, which is 2.53% higher than the previous closing session level .

Analysts attribute the growth of oil prices with forecasts of slower growth in world oil demand, reports that OPEC may agree to freeze the volumes of oil production, as well as the aggravation of Russian-Ukrainian relations.

«greater interest is likely to cause further development of Russian-Ukrainian conflict. If the escalation of verbal aggression between the two countries after the last incident in the Crimea will lead to open conflict, it will also affect the oil market, as are important ways of transportation of oil “through Ukraine, – stated in the Commerzbank report

Rising. oil has given a new impetus to the strengthening of the ruble. In the course of currency trading on the Moscow stock exchange on Monday evening the dollar for the first three weeks, fell below the mark of 64 rubles. At a minimum value of the US currency dropped to 63.9575 rubles. That at 79.25 kopecks. below the closing Friday’s trading

«An important resistance level for the ruble -. 63.45, as indicated by the trend line. A further increase in oil prices could push the Russian currency to this level “, – analysts said Sberbank CIB Tom Levinson and Iskander Lutsko

By 18:10 MSK price of a barrel of Brent on the ICE exchange was $ 48.06, the dollar. on the Moscow stock exchange stoid 64 rubles, euro -. 71.6475 rubles.

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