The rate of oil is increasing because of the attacks in the Red sea

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The price of oil (September futures) on Thursday 26 July to 14.31 increased from the start of trading on 0.6% to 74,36 dollars per barrel for Brent.
The market of “black gold” gets support from the reports of the suspension of the Saudi Arabia’s hydrocarbon exports through the Bab-El-Mandeb. The cause of this was the attack on Wednesday morning, the Yemeni rebels on Saudi oil tankers in the Red sea.
The ruble after rising the day before slightly decreasing. Geopolitical negativity came from trade negotiations trump and cadets, where the us leader pushed for the EU agreement to increase purchases of us LNG that creates competition for Russian gas imported by the European Union. However, while these plans are far from realisation, as stipulated by the condition: “if it is profitable,” and the like.
In the end, the dollar 14.27 GMT increased from the start of trading 0.4 percent to 63.05 ruble, Euro and 0.2 % to 73.83 ruble. The ruble price of a barrel of Brent crude rising to around 4700.
Until the end of the day, the U.S. currency will fluctuate in the range of 62.5-63.5 ruble, Euro – in the hallway of 73.2-74.4 ruble.
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Ivan Marchena,
Analyst
GK Forex Club