On the rolled barrels

The dollar exchange rate on the Moscow Exchange exceeded 60 rubles for the first time since February 2. The euro for the first time since December overcame the mark of 67 rubles, according to the exchange website.

The cost of a bivalyat basket (0.55 dollars and 0.45 euros) increased compared to the closure of the exchange on Tuesday by more than 60 kopecks, reaching 63.26 rubles.

A decrease in the national currency is caused by a drop in oil prices. It passed into the "bear" phase, which means falling by more than 20 percent from the previous peak. The cost of August Brent oil futures on the ICE Futures London Exchange by 10:32 Moscow time decreased by 1.02 percent, to $ 45.55 per barrel. The price of WTI oil for August at the Electronic auction of the New York Model Exchange (NYMEX) fell by this time by 0.92 percent, to $ 43.11 per barrel.

The growing production in the USA, Libya and Nigeria undermines the efforts of OPEC and countries that have concluded an agreement with the organization to reduce oil production. This has constant negative pressure on the global market.

On April 24, the US dollar exchange rate on the Moscow Exchange was 55.82 rubles, reaching the minimum value from July 2015. The euro course dropped to 60.72 rubles then.

On February 17, the head of the Ministry of Economic Development Maxim Oreshkin stated that the trend towards strengthening the ruble is seasonal and will soon be replaced by a weakening of the Russian currency. April 21, he announced the fall of the ruble in the II-III quarters of this year.