The dollar fell below 78 rubles

Photos: Moscow 24/Nikita Simonov

the Ruble has appreciated sharply after oil, from the data of the Moscow exchange.

the dollar fell below 78 rubles. The Euro fell below $ 85.

Earlier it was reported that the indices of the Russian stock exchanges strengthened against the background of growth of oil prices in foreign markets.

Oil traders have suggested that prices could fall to five dollars per barrel. Such cost may persist for several weeks and before the end of the year, traders believe.

Among the factors that have a negative impact on the global economy, in addition COVID-19, Russian energy Minister Alexander Novak called the drop in oil prices due to the failure of the transaction OPEC+.

Members of the cartel failed to agree on reducing oil production by 1.5 million barrels a day until the end of 2022, Russia and Kazakhstan refused.

Press Secretary of “Rosneft” Mikhail Leontyev said that the OPEC agreement+ terms of Russia’s interests is meaningless and is “masochism”. He stated that the agreement was not a partnership and does not affect the market.

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