Photos: Moscow 24/Nikita Simonov
the dollar at the opening of trading of the Moscow exchange increased by 2.6% and reached to 80.85 of the ruble, and the Euro exchange rate reached the level of 88.79 per ruble. This is evidenced by Mosberg at 10:00 am Moscow time.
the Cost of the futures on Brent crude oil with delivery in June of the current year in the course of trading on the ICE exchange in London fell by 6.7% and was at 23.25 per barrel. At this minimum point, reduction of the price of Brent crude oil reached 23.03 USD per barrel.
Oil traders previously speculated that prices could fall to five dollars per barrel. Such cost may persist for several weeks and before the end of the year, traders believe.
Among the factors that have a negative impact on the global economy, in addition COVID-19, Russian energy Minister Alexander Novak called the drop in oil prices due to the failure of the transaction OPEC+.
Members of the cartel failed to agree on reducing oil production by 1.5 million barrels a day until the end of 2024, Russia and Kazakhstan refused.
Press Secretary of “Rosneft” Mikhail Leontyev said that the OPEC agreement+ terms of Russia’s interests is meaningless and is “masochism”. He stated that the agreement was not a partnership and does not affect the market.
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