Brent oil price rose above $50

The price of Brent oil rose above $50 per barrel. The day before, August 27, prices also rose.

Prior to that, for a long time, the cost of Brent fell to below $43 per barrel. Brent has not been so cheap since the crisis of 2008-2009.

• The price of Russian Urals oil is pegged to the price of Brent crude oil. With an increase in oil prices, the dollar and euro exchange rates against the ruble are declining. After the price of Brent rose above $50, the euro fell below 73 rubles on the Moscow Exchange.