“The ruble fell slightly against the currency basket on the background of fluctuations in the oil market

US dollar has not changed, the Euro rose on the Moscow stock exchange on Wednesday morning, the ruble slightly lower against the currency basket on the background of insignificant fluctuations in the oil market.

The first transactions in US dollar were in the range 57,61-57,7 rubles/$1, at the end of the first minute of trading, the rate was 57,64 RUB/$1 (no change to the level of the previous close). The Euro rose to 71.3 rubles/EUR1 (+7,25 cents). The cost of the currency basket ($0.55 and EUR0,45) rose by 3.5 kopecks to the level of Tuesday’s closing, until of 63.79 ruble.

The dollar has been by 13.51 kopecks below the level of the current official exchange rate of the Euro by 13.55 kopecks above the official rate.

According to experts of “Interfax-CEA”, the ruble weakened slightly against the currency basket at the start of trading Wednesday on the fluctuations in the oil market after a small bi-directional changes in oil prices at the end of the previous session.

Report of the International energy Agency (IEA), released on Tuesday, was perceived by the market as mixed. On the one hand, the IEA raised its forecast for growth in global oil demand, and warned about the possible growth of shale oil in the United States.

IEA raised the forecast of growth of oil demand in 2018 for 100 thousand barrels per day (b/C) – up to 1.4 million b/d. However, the rate of increase of demand will be lower than in 2017, when they amounted to 1.6 million b/D. in addition, according to the IEA, oil production from non-OPEC this year will exceed growth in demand.

The Agency also noted that the strong growth of demand in 2017, a slight increase in oil production from non-OPEC and the efforts of the parties to the transaction OPEC+ to limit oil production led to a significant drop oil stocks in the OECD countries.

The price of April futures for Brent crude on London’s ICE Futures exchange at 10:02 Moscow time on Wednesday, rose 0.1 percent to $62,78 per barrel. The futures price for WTI crude oil for March in electronic trading on the new York Mercantile exchange (NYMEX) decreased by this time by 0.08% to $59,16 per barrel.

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