The price of Brent oil exceeded $51 for the first time from October 2015

The price of oil Brent at the auctions in London on Tuesday for the first time since 12 Oct 2015 exceeded $51 per barrel, according to the auction.

As of 14:10 MSK, the price of futures contracts for Brent crude oil for August delivery reached $51,06. Is 1.01% above the closing price of the previous trading day.

The last time above $51 per barrel, Brent crude oil was trading 12 Oct 2015. That day in the course of trading the price of oil reached at its peak $from 53.31.

Earlier in the course of trading on the Moscow stock exchange the dollar for the first time in two weeks fell below 65 rubles. as of 14:30 American currency fell 0.25 RUB to RUB 64,99 Euro meanwhile lost of 0.38 rubles, amounting to RUB and 73.81

The oil market reacts to the weakening dollar, which may persist in the near future, — until, while in USA will come strong macroeconomic data, the report said Sberbank CIB released on Tuesday morning. Judging by the dynamics of oil futures, the Brent oil price could reach $51/bbl. and even go above and beyond, experts predict the Bank (at the time of the report, Brent crude was trading below $51 per barrel.). But the sustainability of this trend is questionable, they warn.