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Brent Oil Rises To $ 39 Per Barrel

The price of Mediterranean Brent crude oil rose by 10.8%, during the trading on the ICE Intercontinental Exchange, May futures gained a maximum of $ 39.29. According to 6:00 Moscow time Brent trading at $ 38.5. April grade oil futures Wti rose 11.8% to $ 35.2 per barrel. The maximum is fixed at $ 35.9.

China’s stock exchanges at the opening of trading show weak growth. Hong Kong Stock Exchange Hang Seng increased 0.25% to 25,456.92; Shanghai Stock Exchange Index SSE Composite increased 0.32% to 3,006.44.

Recall, on March 8, Brent prices fell by 30% per day, to $ 34 per barrel, on international financial markets this caused the collapse of the quotations of the ruble to 74 rubles / $ and shares of Russian issuers by 7-22%. The next day, the collapse in New York and London turned into a rebound, Brent and WTI regained about 10% of the price (on Tuesday, March 10, in the evening Brent cost a little more than $ 37 per barrel, $ 5 less than the cut-off price in the Russian budget) , and at a time when the Russian market was supposed to fall, the world was actively growing. As a result, the ruble, which at the start of trading on the Mosbirzhe for a moment fell to 81 rubles / $, stabilized in the region of 72 rubles / $ and tended to further strengthen. Stock indexes per day lost 8–13% – significantly less than expected.

Read more in the material “Kommersant” “A barrel in a glass of water”.

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