forecast
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)
Dollar to ruble exchange rate
Euro to 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.
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 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 и WTI, candles per 2023
Oil prices 03.2023
