The dollar at auction on October 27, exceeded 64 rubles for the first time since 6 October, the ruble is falling against the dollar and Euro amid falling oil prices. 14:20 Moscow time on the Moscow exchange, the dollar was worth 64,038 of the ruble, which to 1.02 ruble higher closing level yesterday.
The Euro at that point was 70,78 of the ruble, adding 1.12 ruble. The value of the currency basket (0.55 dollars and 0.45 euros) rose by 1.07 ruble to ruble 67,07.
In the course of trading on 27 October the Euro has risen to 71,054 of the ruble, the dollar – to 64,83 ruble, reports “Interfax”.
The depreciation of the ruble against the dollar and the Euro to the lowest levels since the beginning of the month driven by falling world prices of oil, which comes cheaper for the second consecutive session in anticipation of future growth, energy reserves in the United States. Ended tax period also does not add optimism for the growth of the Russian currency, analysts remind.
In the afternoon on Tuesday December futures for Brent oil at the London stock exchange have fallen in price on 0,69% – to 47,21 USD per barrel. Futures price for WTI crude oil for December in electronic trading on the new York Mercantile exchange (NYMEX) dropped by this time on 1,46% – to 43,34 USD per barrel. On the eve of the quotations of both brands finished trading at its lowest level in two months.
The U.S. Department of energy will release inventory data for last week on Wednesday at 17:30 Moscow time. According to estimates of experts surveyed by Bloomberg, the oil reserves in the country rose by 3.1 million barrels. Over the last four weeks oil stocks in the USA increased by 5% to 477 million barrels, the highest level for this time of year since 1930.
Experts at Goldman Sachs on Monday remindedthat the power used for petroleum storage, close to maximum load. This, in their opinion, would contribute to a further decline in oil prices.