The dollar exchange rate exceeded 73 rubles for the first time since October 22

The dollar exchange rate in the course of trading on the Moscow Exchange exceeded 73 rubles. for the first time since October 22, according to data from the trading floor.

By 19:57 Moscow time, the dollar rose by 1.41 rubles. – up to 73.03 rubles. The European currency is also appreciating against the ruble. At 19:58 Moscow time, the euro rate rose by 1.62 rubles. – up to 83.59 rubles.

The ruble fell against the dollar and the euro against the backdrop of negative dynamics in oil prices. January Brent futures on the London ICE exchange are traded on November 12 at $ 81.5 per barrel, which is $ 1.31 (1.58%) below the closing price of the previous session.

The price of WTI crude oil futures for December in electronic trading on the New York Mercantile Exchange (NYMEX) is at 20:16 Moscow time $ 80 per barrel, which is $ 1.47 (1.8%) below the final value of the previous session.

OPEC in its latest report on the oil market cut the forecast for an increase in demand for the current year by about 160 thousand bpd, to 5.7 million bpd, citing the effect of high prices. “The changes are mainly due to slower-than-expected demand from China and India in the third quarter of 2021. Now, global oil demand is estimated to reach 96.4 million barrels per day in 2021,” the report.

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