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The Main analyst of Bank "GLOBEKS" Viktor Veselov: oil reserves the main factor of influence on the ruble



We expect weakening of the ruble higher to 56.1 per dollar because of the decline in oil prices below $55 per barrel.



20.Apr.17 8:49 AM
By Christina Orlina
Photo Toinnov.com

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The Main analyst of Bank "GLOBEKS" Viktor Veselov: oil reserves  the main factor of influence on the ruble
According to API, they declined by 0.84 million barrels., perhaps the market believes that the beginning of the driving season in the United States can support the consumption of gasoline and reduce crude oil distillates.

But the negative sentiment about the prospects of a production cut does not give commodity traders expect an increase in prices in the short term.

Note that the statement of the Prime Minister on parliamentary elections was a surprise to the London stock exchange, and confused investors, resulting in the FTSE100 index fell by 2.46% to 7147 points. It can give reasons for investment in depreciating assets.



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