The Russian ruble declined significantly against the dollar amid falling oil prices by 5%. 4 may oil Brent cost about 48 dollars per barrel.
Thursday, may 4, the Russian ruble has updated lows against the U.S. dollar over the past few months. The experts as the main cause of the incident is called the collapse in oil prices, reports “Russian conversation”.
The dollar 22.30 Kiev on Thursday rose by 99 cents to of 58.37 rubles, while the Euro — by 1.63 ruble — to 64,11 ruble.
The main reason for this phenomenon, economists believe the record-breaking collapse of the oil market until the November lows, 2016.
In turn, the decline in oil prices associated with the growth of production of “black gold” in the U.S. by 0.3% over the week to 9, 293 million barrels per day.
We will remind, the head of the Central Bank of the Russian Federation has assured compatriots that Russia allegedly is not afraid of reduction of prices on “black gold”.
However, experts have lowered financial rating of the Russian Federation to “junk”.
As previously reported, the Americans domicili increase in oil prices before the November minimum which primarily hit the Russian economy.