Oil price not in a hurry to save the ruble

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Quotes of Brent crude oil exceeded 80 dollars a barrel. Self-employed people will impose taxes in the budget. Vladimir Putin met with Angela Merkel.
On the eve of the quotation of oil Brent for the first time in 2014 exceeded $ 80 per barrel. However, after reaching the important psychological mark rolled back. Some market participants are already talking about a further rise in oil prices. So, CEO of Total Patrick Pouyanne does not exclude that the rise in oil prices will continue to $ 100.
Meanwhile in Russia self-employed people decided to impose taxes in the pension Fund and the mandatory medical insurance Fund. The bill the Justice Department has already agreed with other agencies.
Also today there will be a meeting of Vladimir Putin and Angela Merkel. Many of the media have great hopes for this meeting, and I think that Germany will go on rapprochement with Russia. The reason for this may be differences between Europe and the United States. Recall that the United States plans to impose duties on imports of steel and aluminum, which painfully affect the economy of Europe. In addition, Donald trump broke the nuclear agreement with Iran. But European investors invested a lot of money in this country. And now Washington is practically forcing Europe to abandon NordStream-2.
On this background the dollar at auction Moscow exchange is held in the area 61 of the ruble 90 kopecks, the Euro is trading around 73 rubles 20 kopecks. The MICEX index holds near 2325 points, quotes of Brent crude oil traded just below $ 80 per barrel. Bitcoins according to the website CoinMarketCap is in the area of $ 8,000.
Despite such a substantial strengthening of oil prices, Russian rouble, there is a very modest strengthening against the dollar and the Euro. We reiterate our forecast that before the end of the month likely the dollar on the Moscow stock exchange will return to the range from 62 to 63 rubles. More significant changes on the Moscow stock exchange, we do not expect.
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Gleb Zadoya,
The head of the analytical Department of the company,
ANALYST Online