ECHR rules not to revise its judgement on Beslan hostage taking caseWorld September 19, 19:18
Trump vows to 'totally destroy North Korea' if threatenedWorld September 19, 17:50
Russian top brass calls on US to not hamper Damascus’ fight against terrorismMilitary & Defense September 19, 17:49
Zapad-2017 exercise puts Russian army’s "nervous system" to testMilitary & Defense September 19, 17:33
Ukrainian conflict led to spike in hate speech, Russophobia — Council of EuropeWorld September 19, 17:00
Russian regions contribute scores of natural stones for memorial to Gulag victimsSociety & Culture September 19, 16:45
Warsaw police hunting vandals who desecrated Soviet military cemeteryWorld September 19, 16:39
Donbass truce first step towards lifting anti-Russian sanctions — German top diplomatWorld September 19, 16:36
Moscow court arrests man suspected of stabbing hiker to deathSociety & Culture September 19, 16:34
LONDON, February 3. /TASS/. The price of Brent crude futures for March delivery rose by 3% on the Intercontinental Exchange in London to $56.4 per barrel on Tuesday, coming above the $56 level for the first time since January 5.
After a little pause, Brent oil prices are likely to move to the area of $62 per barrel, deputy general director for investment analysis at Zerich Capital Management investment company Andrei Vernikov said.
"That is why, we’ll not so far sell a contract on the RTS index futures we bought yesterday in the expectation of an oil price growth," the expert said.
The growth of oil prices, a major earner of foreign currency revenues for the Russian budget, is lending support to the ruble.
By 3:09 p.m. Moscow time (12:09 GMT), the US dollar shed 2.02 rubles to 66.40 and the euro lost 2.04 rubles to 75.42.
Head of Russian Stock Market Operations at Freedom Finance Investment Company Georgy Vashchenko said the oil price would stabilize at a new level of above $50 per barrel this year.
"The [government’s] anti-crisis measures will yield their effect. Therefore, the Central Bank will not be required to hold large-scale interventions with its international reserves to support the ruble. As a result, the market will find a balance at a new level," the expert said.