The price of Brent crude oil immediately after the opening of trading on March 9 fell by more than 30%, write “Vedomosti”. This was a consequence of the collapse of the OPEC deals+ on the reduction of oil production. It is possible to further drop and the new world financial crisis, warn some analysts.
The may Brent futures on the Intercontinental exchange traded on the level of 35.6 per barrel, down by 27%. The April futures for WTI cost of 32.6 per barrel (-26,5%).
After the collapse of oil prices, the dollar and the Euro against the ruble soared on the international currency market. The dollar grew to ruble 73,29 (up to March 2016), euros to 82.2 ruble (up to February 2016). Now the dollar is trading at 72,77 of the ruble, the Euro 83,79.
Electronic trading futures, the S&P 500 in the US stopped after losing more than 5%.
UPD. Oil continued to fall and is now trading just above $31.
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