The ruble has gone down behind the oil prices
The price of oil (June futures) on Wednesday, April 25, to 14.28 MSK decreased by 0.2% to 73,73 dollars per barrel for Brent. Thus, the quotes rolled down from the highs from the end of 2014 (above $ 75).
The market for black gold was pressured data about growth of stocks of oil in the USA last week. The American petroleum Institute (API) has estimated that the index rose by 1.1 million barrels. The analysts expected reduction of stocks.
The ruble is on the background correction of oil in the middle of the week also reduced. The capacity of the Central Bank of the Russian Federation the volume of buying currency for the Ministry of Finance on Monday (he bought it at 18.7 billion rubles) puts pressure on the ruble.
To 14.26 GMT the dollar has been rising since the start of trading by 0.5% to of 61.95 ruble, Euro – by 0.2% to 75,51 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 corridor of 74.9-76.1 ruble. The price of oil in rubles is around the 4550 level per barrel.
GK Forex Club