The euro fell below 88 rubles for the first time since September

MOSCOW, March 9 – RIA Novosti. The euro fell below 88 rubles for the first time since September 2 last year, the dollar is traded at 74 rubles, follows from the data of the Moscow Exchange.

At 14:05 Moscow time, the European currency with tomorrow's settlements decreased by 47 kopecks, to 87.97 rubles (the rate had already dropped to 87.95 rubles), the dollar – by 31 kopecks, to 73.89 rubles.

The ruble exchange rate has found incentives for growth: in particular, it is supported by rising oil prices. May futures for a Brent blend rose 1.2% to $ 69.06 per barrel. The night before, Brent crude exceeded $ 70 per barrel for the first time since January 2020.

Last week, OPEC + decided to maintain the current level of black gold production for all countries of the alliance, except for Russia and Kazakhstan – they will be able to increase production by 130 thousand and 20 thousand barrels per day, respectively. As Deputy Prime Minister Alexander Novak noted, this meets the internal needs of the Russian market, where the demand for filling stations is already higher than pre-crisis levels. According to him, it is necessary to increase the volume of oil refining at the refinery.

Due to a drop in demand during the coronavirus pandemic, since May 2020, OPEC + has reduced oil production by 9.7 million barrels per day. But as the situation improved, the restrictions were adjusted, as of March of this year they amount to 7.05 million barrels per day.

Author: wedocount

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