The ruble stabilized at auction on Monday

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Russian ruble on Monday traded without a pronounced dynamics in a basket of currencies. The US dollar to the middle of the session is 61,79 RUB (-0.2 percent). The Euro is trading at 74,02 RUB (+0.7 percent). Official rates of the Central Bank of Russia for tomorrow, may 15, 61,76 make up a RUB for the American currency and 73,94 RUB for Euro. Both estimates revised to increase at 3 and 42 cents, respectively.
Oil prices after the corrective hesitation this morning is back to equilibrium. A barrel of Brent symbolically adds and is trading at $77,13, barrel of Texas light oil WTI costs $70,61 (-0,13%). Today, OPEC publishes monthly report mining black gold, and the demand for it, but it is doubtful whether this document is something that can excite the capital market.
By itself, the oil sector looks overbought, but the first time for a correction seems to have failed. The bulls just don’t want to give in, and this means that despite the overheated quotes, buyers will try to go to the other side.
The US dollar will finish today’s session within 61,50-62,50, the Euro protorguetsya within the boundaries 73,70-74,85 RUB.
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Anna Bodrova,
Senior analyst,
Alpari