Oil graph Brent и WTI, candles

Brent и WTI

Oil price chart Brent и WTI in a few years.

dollar rate
Oil graph Brent и WTI, candles

Today Wednesday, 22 Martha, 2023 year

Candle oil chart Brent и WTI

(The price of a grade of the Ural oil in Russia Urals comes from the price Brent)


Graph of the euro dollar rate, stocks, currencies, raw materials.

Dollar to ruble exchange rate

Dollar to ruble exchange rate market

Euro to dollar rate

Euro dollar rate

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

The ruble does not fall if oil prices do not fall. Earlier, the ruble fell to its lowest level in history and reached 86 rub against the dollar, having received strong pressure from low oil prices. Russia - the largest oil supplier, therefore the ruble is dependent on the oil price. Along with the fall in oil prices, the country s foreign exchange reserves are decreasing.

Falling oil prices

Oil fell so rapidly in pricethat we were often surprised when the oil price got lower and lower. The price of oil fell to the lowest price for 13 years. At the same time, half of the Russian budget is replenished from oil and gas.

Oil dictates economic policy

Falling oil revenues only stimulate the country. Pressure from a strong drop in oil took over the federal budget.

Graph, oil price 22.03.2023

Oil price

In any case, the situation is more or less calmer now.. Oil in the so-called flat, when there is no particular rise or fall. There is no doubt about the huge budget deficit, devaluation and inflation, but Russia is not an ordinary country, it s like going through the winter.… In general, the Russian economy did not fall too much over the year.

Schedule USD / RUB at the rate of CB

Refresh Graph USD to the ruble
Course schedule USD to the Central Bank ruble

Forecasts for oil price and ruble exchange rate

It is clear from the price of oil that it is pressed down more and more weakly and the forces pressing it are excessively depleted, but it can not shoot up weakly. And before 120 can fly.
One could safely bet on an increase in oil prices, if it were not for the active interest of some Western forces, so that a large increase in oil does not happen. But here s a sharp rise, no one can keep the price rise at some distance from the bottom..
It is believed that if oil stays at the level of 21 dollar, the ruble dollar exchange rate will reach 90 rub and that the price of oil and the ruble exchange rate will revolve all year just above the bottom, or oil will still make a leap up next year.

Pros of falling oil prices

Along with the fall in oil prices. It is important to diversify the economy away from oil. As well as
the government lowered its forecast for the economy for this year.
Many consumer goods are imported into Russia from abroad. And the fall in oil prices stimulates the development of other sectors of the economy and the domestic production of goods for the population and business..

Oil graph Brent и WTI, candles

Oil and the crisis in Russia

It looks like the hardest time of the crisis is over. Well, the crisis is passing in a new way much softer than the previous ones..
And yet a huge budget deficit - shortage of money until oil prices return to normal. Normal because the current price is too low. But as traders say, there are no undervalued prices, and as history shows, tomorrow the oil price can turn around and creep in any direction.. The budget is based on oil prices in 40$ per barrel.

The ruble against the dollar against the background of oil

Oil price chart Brent. How the ruble exchange rate depends on oil. Dynamics of the Brent oil price for the year. Dollar to ruble exchange rate. Price chart - oil Brent online 22.03.2023

Brent (ICE.Brent)

Oil price forecast

Oil is one of the three products, the pricing of which, along with the dollar and gold, affects the regulation of the entire world economy. Today, the cheapest is the cost of oil production in the Gulf countries, and the highest cost is characterized by oil production under the ground and under water, since it requires expensive equipment.. In cases where the world is experiencing exacerbation of political and economic situations, hydrocarbon prices usually undergo natural growth.. In order to stabilize prices, countries-oil exporters began to unite and jointly regulate the price level. Today, there are several opinions as to what the forecast for oil prices by the end of this year is..

Some experts agree that oil prices will fall, and several facts lead to this. First of all, they say that after the lifting of economic sanctions on Iran, the volume of oil produced by the country will begin to grow.. In addition, the so-called unconventional oil of Canada, the USA and Venezuela is on the market today.. At the same time, threats from foreign experts and analysts began to appear more and more often, but everything is not so unambiguous.. The most likely forecast is that the price of a barrel of oil will rise, with an alternating decline and growth. 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 to violate.. Taking into account the constant growth of the world economy, the demand for raw materials, namely oil, is characterized by constant growth rates. 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 there will be no significant decline in oil prices.

Candle oil chart Brent и WTI. Oil graph Brent и WTI, candles