oil price. Chart of oil price dynamics

Brent oil price chart

Brent oil price chart. View the dynamics of the Brent oil exchange rate over several years. Dollar to ruble exchange rate. Ruble vs Oil - dynamics of the price exchange rate. Graph of oil prices and the recent price of oil октябрь, 2021

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oil price. Chart of oil price dynamics

Today Thursday, 21 Oct, 2021 y

real-time oil price dynamics


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Dollar to ruble exchange rate

dollar to ruble exchange rate market

The Euro-dollar exchange rate

Euro dollar

What will happen to the oil price and the ruble exchange rate?

the ruble exchange rate stopped falling along with the suspension of the fall in the oil price. Earlier, the ruble fell to its lowest level in history and reached 86 rubles against the dollar, receiving strong pressure from low oil prices. This is believed to be the lowest level since the 1998 financial crisis. Russia is one of the world's largest oil suppliers, so the ruble is highly dependent on the price of oil, its production and consumption. Along with the fall in oil prices, the country's foreign exchange reserves are decreasing, which puts it in a difficult position.

falling oil prices

Oil fell so rapidly in price that we were surprised more than once when the price of oil became lower and lower, compared to past drawdowns. The very bottom of the dynamics of rates falls at the time of lifting sanctions against Iran. The price of oil has fallen to its lowest price in 13 years. Half's budget is replenished by oil and gas and is likely to be reduced funding in many areas, however, the most important region exactly gets the money for the Essentials.

Oil dictates economic policy

however, the country's leadership and officials believe that nothing terrible is happening. Falling oil revenues only encourage the country to get down to business, to push in other areas of the economy. As a result of special measures, the pressure from the strong drop in oil was borne by the Federal budget and to a lesser extent went to Russian companies.
It is argued that today the Central Bank is not as actively intervening in the ruble exchange rate as before. Maybe, but who knows what's really going on. It is assumed that the Central Bank will not actively restrain the ruble exchange rate as long as it does not threaten the country's economic stability. The Central Bank has not supported the ruble since the end of 2014. The Central Bank also stated that it will only intervene if there are risks to financial stability.

Graph oil price of 21.10.21

oil price: much lower

In any case, the situation is more or less calm now. Oil is in the so-called flat, when there is no special growth or fall. There is no doubt about the huge budget deficit, devaluation and inflation, but Russia is not an ordinary country, it's like a winter to survive… In General, the Russian economy did not fall too much over the year, but it did not grow.
Russia's Central Bank has warned that the country's economy may continue to contract this year, after falling 3.8 percent last year, if oil prices do not recover.

Chart USD / RUB at the Central Bank rate

Update chart USD to the ruble.
Course chart USD to the CBR ruble

Forecasts for the oil price and the ruble exchange rate

Western analysts are happy to savor that the fall in oil is not over, that this is a temporary slowdown. Well, they should, let them hope... The fact is that according to the schedule and the price of oil the price of oil, is pressed down more weakly and may very well be that the forces pressing her overly exhausted, but shoot up it can not weak, believe me. And up to 120 can fly without blinking.
It would be safe to bet on an increase in the price of oil, if not for the active interest of some Western forces, so that a large increase in oil does not happen. But no one will be able to keep a sharp increase, a rise in the price for some distance from the bottom.
It is believed that if oil falls and stays at the level of 21 dollars, the ruble per dollar will reach the level of 92 - 94 rubles. It is assumed that the price of oil and the ruble exchange rate will spin all year just above the bottom, or oil will still make a leap up next year.

advantages of falling oil prices

despite the fact that along with the fall in oil prices, we are all getting poorer, there are also positive aspects of the fall in oil.
the government lowered its economic forecast for this year.
Falling oil prices and budget deficits stimulate the development of other sectors of the economy and domestic production of goods for the population and businesses. Along with the devaluation, the production of goods becomes more profitable and competitive, there are more opportunities for export, and a noticeable decrease in imports.

oil price. Chart of oil price dynamics

Oil and the crisis in Russia

according to the government, the most difficult time of the Crisis has passed, when the country had to save hard. Well, the new crisis is much milder than the previous ones, not to compare with the crises of the beginning of the century or the last century.
Still, a huge budget deficit is not a toy, and there will certainly be a shortage of money until the normal oil price is restored. Normal, because the current price is undoubtedly too low. But as great traders say, there are no low prices. As history shows, tomorrow the price of oil can turn around and crawl in any direction and crawl there for as long as you want, for a long time surprising the people and experts of the forecast.
The budget deficit in Russia was about 3 percent of GDP and the government expected to cut 10 percent from the Federal budget, which was designed based on oil prices of $ 40 per barrel. All Russian ministries were included to submit their proposals to reduce their expenditures in order to reduce 500 billion rubles of public spending.

the ruble exchange rate against the dollar against the background of oil

the Ruble is also under pressure from economic sanctions that the West imposed on Russia for its participation in the Ukraine crisis.
Due to such a low oil price and economic sanctions against Russia, the country's foreign exchange reserves have become the smallest in 5 years.
Despite all the measures, the ruble weakened and earlier crossed the mark of 86 rubles per US dollar, but made a pullback and is strengthening against the background of rising oil prices. I would like to remind you that if the currency falls, the country's population becomes poorer, and the economy is more shaky. It was noted that the ruble fell slightly less than the price of oil and this is a good sign for the country's economy.
There was some panic in Russian markets during the peak of the falls, as well as falling Russian stock indices RTS, MICEX and share pricesn companies, especially those related to the production and processing of oil and gas.
Adding fuel to the fire and fair interests not to lose on the devaluation of the ruble. Many buy euros and dollars in slightly larger volumes than usual. However, this was also the case earlier, because the ruble usually did not make up a large part of the basket of currencies to preserve and increase capital.
The ruble's weakness carries inflationary risks that may limit the scope for monetary policy easing needed to limit the economic downturn. Many people believe that consumer prices will rise due to the depreciation of the ruble. The Central Bank kept the key rate unchanged at 11%, holding a regular meeting of the Board of Directors.

Brent oil price chart. How the ruble exchange rate depends on oil. Dynamics of the Brent oil exchange rate for the year. Dollar to ruble exchange rate. Price chart - Brent oil онлайн 21.10.21

Brent (ICE.Brent)

Oil price forecast

Oil is one of the three products whose pricing, along with the dollar and gold, affects the regulation of the entire world economy. Today, the cost of oil production in the Persian Gulf countries is the cheapest, and the highest cost is characterized by oil production underground and under water, since it includes expensive equipment. In cases where the world is experiencing an aggravation of political and economic situations, the prices of hydrocarbons are usually subject to natural growth. In order to stabilize prices, oil-exporting countries began to unite and jointly regulate the price level. Today, there are several opinions about what the forecast for oil prices by the end of this year is.

some experts agree that the price of oil will fall, and several facts lead to this. First of all, they say that after the lifting of economic sanctions against Iran, the volume of oil produced by the country will begin to grow. In addition, the so-called unconventional oil of Canada, the United States and Venezuela is currently on the market. At the same time, threats from foreign experts and analysts began to appear more often, but everything is not so clear. The most likely forecast is that the price of a barrel of oil will grow, with an alternating decline and increase. However, these deviations will not be long-term. First of all, this will happen due to the globalization of the economies of the leading countries of the world with its trade balance, which is currently unprofitable for any of the parties. Given the constant growth of the global economy, the demand for raw materials, namely oil, is characterized by a constant growth rate. And with a short-term reduction in prices, enterprises will begin to modernize production processes, as well as reduce costs in this industry. Therefore, we can assume that more will not be a significant decline in oil prices.

real-time oil price dynamics. oil price. Chart of oil price dynamics