The price of the February futures contract for Brent crude during trading on December 27 increased by more than 1.8% – to $ 77.56 per barrel, according to trading data from the London ICE exchange. The price exceeded $ 77 per barrel for the first time since November 26. February futures for WTI rose 2% to $ 74.56 per barrel.
The ruble is growing against the dollar, according to trading data at the Moscow Exchange. At 18:22 Moscow time, the dollar rate against the Russian currency increased by 0.11% to 73.53 rubles, the euro rate grows against the ruble by 0.03% to 83.29 rubles.
The Russian stock market also demonstrates growth during trading on December 27. The ruble index grows by 0.94% to 3737.62 points, the RTS dollar index grows by 1.13% to 1601.99 points.
As clarifies Bloomberg, oil futures are rising amid declining fears of investors about the new strain of coronavirus “omicron”. Investors believe that despite the rapid spread of omicron, its disease course may be milder than previous strains. This reduces the risks of introducing new restrictions, the agency said.
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