Oil: Libyan National Oil went VA Bank
The price of oil (September futures) to 14.55 GMT on 11 July was down 2.4% to $ 77 per barrel for Brent.
The market of “black gold” adjusted down after take-off on the eve above the level of $ 79 per barrel amid concerns about the decline of energy supplies from Norway in the beginning there is a strike of workers offshore.
The pressure on the oil quotes add news from Libya, where the national oil company National Oil Wednesday announced the lifting of a state of emergency in relation to the Eastern oil ports of the country after control was handed back to the company. The country could return to the market of about 700 thousand barrels per day.
The ruble on Wednesday moderately adjusted down to the main reserve currencies after significant strengthening yesterday.
Corrective pressure is maintained by the Ministry of Finance which currency interventions, aimed against the ruble, said the same orientation verbal.
So, the first Deputy Prime Minister and Finance Minister Anton Siluanov said that the budget rule of the Ministry of Finance will not allow the ruble to strengthen to 30 against the dollar, even if the price of oil will rise again to $ 100 per barrel, and the Ministry sees no reason to soften this rule, the Minister added.
Finally, geopolitical risk emanating from statements of trump, who has criticized the energy agreement between Berlin and Moscow and said that Russia controls Germany by energy resources.
The dollar 14.54 MSK increased by 0.5% to 62,07 of the ruble, the Euro by 0.1% to 72.65 rubles.
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, 72-73,2 rubles.
GK Forex Club