Oil is approaching$ 80 per barrel

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The price of oil (July futures) to 15.21 GMT may 15, grew by 1.5% to 79.41 per barrel for Brent, confirming the highs from late 2014.
The market of black gold continues to digest the US withdrawal from the “nuclear agreement” with Iran and intentions of America to reduce consumption of Iranian oil. Between OPEC members+ maintain commitment to continued monitoring of production of black gold.
However, the strong growth of the oil market continues to be ignored by the ruble, which remains under the influence of increased foreign exchange interventions the Ministry of Finance of the Russian Federation.
In addition, the growth yield of U.S. Treasury bonds adds to the appeal of the dollar on the forex, where the Euro fell below $ 1.19.
In the end, the dollar 15.27 GMT increased from the start of trading 0.3% to 62,02 of the ruble, the Euro was down 0.1% to 73,73 of the ruble.
Until the end of the day, the U.S. currency will fluctuate in the range of 61.5-62.5 rubles, euros – in the hallway, and 73.1-74.3 per ruble.
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Ivan Marchena,
Analyst
GK Forex Club