Price of oil. Dependence of the ruble exchange rate from oil

Price schedule oil Brent for rub

Schedule Prices for oil Brent in rub. View Brent Oil Course Dynamics. Dollar rate to ruble. Ruble vs Oil, rate dynamics prices. Dependence of the ruble exchange rate from oil

dollar course
Price of oil. Dependence of the ruble exchange rate from oil

Today Tuesday, 7 February, 2023 year

Dynamics of real-time oil prices


Dependence of the ruble exchange rate from oil

Euro dollar, stock, currency, raw materials.

Dollar rate to ruble

Dollar rate to ruble market

Euro rate to dollar

Euro euro dollar

What will happen to the price of oil and with a ruble course?

The ruble exchange rate stopped falling along with suspension falling oil prices. Previously, the ruble fell to the lowest level in the history and reached 86 rub in relation to the dollar, having received a strong pressure from low oil prices. It is believed that this is the lowest level since the financial crisis. 1998 of the year. Russia - One of the world s largest suppliers of oil, so the ruble is strongly dependent on the price of oil, its production and consumption. Together with the fall of oil prices, currency reserves of the country are reduced, which puts it in a difficult position..

Drop price oil

Oil so rapidly fell in pricethat we were more surprised when the price of oil became even lower and lower compared to past preds. The very bottom of the dynamics of courses falls at the time of removal of sanctions with Iran. The price of oil fell and the lowest price for 13 years. At the same time, half of the budget of Russia is replenished from oil and gas and most likely the financing of many areas will most likely be limited, but the most important areas will accurately receive money for the most necessary.

Oil dictates economic policy

However, the leadership of the country and officials believe that nothing terrible happens. The fall in oil revenues only stimulate the country to take up the case, to apply in other areas of the economy. As a result of special measures, pressure from Strong fall of oil accepted the federal budget and went to a lesser extent to Russian companies.
It is argued that in the present days the Central Bank does not actively interfere with the ruble exchange rate, as before. Maybe but who knows what is happening actually. It is assumed that the Central Bank will not restrain the ruble number actively until it threatens the country s economic stability.. Central Bank does not support the ruble from the end 2014 As well as c. Bank of Russia stated that it will intervene only if there are risks for financial stability.

Schedule, oil Price 07.02.23

Price for oil: Where already below

In any case, now the situation is less quieter. Oil in the so-called Flat, when there is no special growth, no fall. You can not doubt the huge budget deficit, devaluation and inflation, but Russia is not an ordinary country, it s like winter to survive… Common for the year, the Russian economy did not fall too much, but also did not grow.
The Central Bank of Russia warned that the country s economy can continue to decline this year after falling 3,8 percent last year if oil prices do not restore.

Schedule USD / RUB at the rate of CB

Refresh Graph USD to ruble
Graph of course USD to the ruble Central Bank

Forecasts for the price of oil and the Rublence

Western analysts with pleasure savoring that the fall in oil did not end that this is a temporary slowdown. Well, it is necessary for them, let them hope... The fact is that according to the schedule and for the price of oil production, it is clear that the price of oil is pressed down all the more weak and it can very well be that its forces are impressing excessively depleted, but it may not be slightly shifted. And before 120 can fly without blinking.
It would be safe to put on an increase in the price of oil if it were not for the active interest of some of the Western forces, so that there were no increase in oil growth. But here is a sharp increase, take off the price for some distance from the bottom no one to hold.
It is believed that if oil falls and delays at a mark in 21 Dollar, the ruble exchange rate for the dollar will reach the mark in 92 - 94 rub. It is assumed that the price of oil and the ruble exchange rate will be spinning all year after the bottom or oil next year will still make a jerk up.

Pluses of falling oil prices

Though together with falling oil prices, we all become poorer, there are also positive points in the fall of oil.
The government lowered its forecast of the economy for this year..
The fall in prices for oil and budget deficit stimulates the development of other sectors of the economy and the internal production of goods for the population and business. Together with the devaluation, the production of goods becomes more profitable and competitive, there are more opportunities for export, a noticeable decrease in imports.

Price of oil. Dependence of the ruble exchange rate from oil

Oil and crisis in Russia

According to the statements of the government, the most difficult time crisis has passed when the country had to save rigidly. Well, the crisis in a new one passes much softer than previous ones, does not compare with the crises of the beginning of the century or last century.
And yet a huge budget deficit - not a toy, of course there will be a shortage before restoring the normal oil price. Normal because the current price is undoubtedly too low. But as Great traders say, there are no lower prices. As the story shows, tomorrow the price of oil can turn around and crawl into any side and crawling there for how long the people and experts of the forecast are surprised for a long time..
Budget deficit in Russia was about 3 percent GDP and government counted reduce 10 percent of the federal budget, which was developed on the basis of oil prices in $ 40 Barrel. All Russian ministries had to submit their proposals to reduce their expenses to reduce 500 billion. rub of government spending.


The ruble is also under pressure from economic sanctions that the West imposed Russia for participating in the crisis of Ukraine.
Because of such a low price of oil and economic sanctions against Russia, the country s foreign exchange reserves became the smallest for 5 years.
Despite all measures, the ruble weakened and previously crossed the mark 86 rub for the US dollar, but did a rollback and strengthened against the backdrop of the growth of oil prices. I would like to recall that in the event of a fall in the currency, the country s population becomes poorer, and the economy is more riding. It is noticed that the ruble fell somewhat less than the price of oil and this is a good sign for the country s economy.
Some panic was observed in the Russian markets during the peak of falls, and the Russian RTS stock indices were falling, MICEX and prices for the shares of Russian companies, especially related to the extraction and processing of oil and gas.
Pour oil into the fire and fair interests do not lose on the devaluation of the ruble. Many purchased euro and dollars in several large volumes than usual. However, it was before, because the ruble usually did not make up most of the currency basket to preserve and multiply capital.
The weakness of the ruble carries inflation risks that can limit the ability to mitigate-credit policies necessary to limit the economic recession. Many people believe that because of the reducing course of the ruble, consumer prices will grow. The central bank has retained a key rate unchanged at the level 11%, holding a regular meeting of the Board of Directors.

Price schedule oil Brent. As a ruble course depends on oil. Dynamics of Brent Oil Course for rub. Price schedule oil Brent for dollars Online 07.02.23

Brent (ICE.Brent)

Oil price forecast

Oil is one of three products whose pricing is on a par with a dollar and gold on the regulation of the entire global economy. To date, the cheapest is the cost of oil production in the countries of the Persian Gulf, and the mining of oil underground is characterized by the highest value, as it requires expensive equipment.. In cases where the world has exacerbations of political and economic situations, hydrocarbon prices are usually exposed to natural growth.. In order to stabilize prices, countries-Oil exporters began to combine and jointly settle prices. To date, there are several opinions as to how the forecast for oil prices by the end of this year.

Some experts agree that The cost of oil will falland lead to this a few facts. First of all, they suggest that after removing economic sanctions with Iran, the volume of oil produced oil will begin to grow. In addition, today the so-called non-traditional oil of Canada, USA and Venezuela is represented in the market.. At the same time, on the part of foreign experts and analysts, threats have increasingly began to appear, but everything is not so unequivocal. The most likely a forecast in which the price of barrel oil will grow, with an altered reduction and growth. However, these deviations will not be long-term. First of all, this will happen because of the globalization of the economies of leading countries of the world with its trade balance, to violate which today is unprofitable for any of the parties.. Taking into account the permanent growth of the global economy, the demand for raw materials, namely, the oil is distinguished by the permanent growth rate. And with a short-term decline in prices, the enterprise will begin to modernize production processes, as well as reduce costs in this industry.. Therefore, it can be assumed that more There will be no significant reduction in oil prices.

Dynamics of real-time oil prices. Price of oil. Dependence of the ruble exchange rate from oil