Oil price close to the April lows, the ruble falls third day

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The price of oil (October futures) on Thursday 2 August to 14.13 decreased by 0.5% to 72 dollars per barrel for Brent.
The market of “black gold” goes down, and is already testing support at the $ 72 per barrel for Brent. The oil price approached the April lows (71.2 USD).
The increase in energy reserves in the United States, which recorded the details of the country energy and capacity of oil production under OPEC agreement+ add nervousness to the market.
The oil reserves in America last week increased by 3.8 million barrels to 408,7 million barrels when expectations for a decline of 2,784 million.
The ruble continued to correct down to the dollar for a third consecutive day, the Euro stabiliziruemost around 73.5 per ruble. Traditionally, the beginning of a disturbing Aug is not conducive to the strengthening of the Russian currency, even though the current month is not yet fraught with certain threats.
The dollar 14.11 GMT increased from the start of trading by 0.4% to 63,31 of the ruble, the Euro by 0.05% up to 73.55 rubles. The ruble price of a barrel of Brent crude hovering around the 4550 level.
Until the end of the day, the U.S. currency will be in the range 62,8-63.8 ruble, Euro – in the hallway 73-74,2 rubles.
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Ivan Marchena,
Analyst
GK Forex Club