The Russian stock market rose on the first day of trading in 2022, according to data from the Moscow Exchange. The Moscow Exchange index rose 1.72% over the day and reached 3852.5 points at the close of trading. The dollar-denominated RTS index rose 1.69% to 1622.75 points at 18:50 Moscow time.
The ruble also appreciated against the dollar and euro. At 19:54 the rate of the American currency fell against the ruble by 0.09% to 74.59 rubles. The euro depreciated against the ruble by 0.32% – to 84.2 rubles. as of 19:55 Moscow time.
The Russian currency is strengthening amid rising oil prices, according to data from the London ICE stock exchange. March futures for Brent crude rose 1.5% and at 20:12 Moscow time its price was $ 78.99 per barrel. February futures for WTI rose 1.2% to $ 76.12 a barrel.
Oil prices are also growing amid reports from Reuters and Interfax that tomorrow at the OPEC + meeting the plan to increase oil production will be kept, the alliance members do not plan to increase it.
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