Ruble collapsed after oil OPEC decision to raise

The ruble collapsed after oil OPEC decision to raise quotas

On Friday, December 4,
euro in currency trading to 17:31 MSK
amounted to 74.482 rubles, the dollar -. 68.198
rub. Ruble swooped down on the background
the fall in oil prices as OPEC reported
increasing the quota to the level of 31.5 million barrels
per day.

The price of January
Brent futures fell after the report
to $ 42.8 per barrel from a high of $ 44.8 and WTI
– up to $ 39.8
per barrel from $ 41.94.

It is reported that the country
OPEC at the end of the next meeting in
Vienna established quotas in the amount of
31.5 million barrels per day. However, according to
source, the new quota level ignores
entered production in OPEC Indonesia
(Produces about 800 thousand. Bpd). formal decisions
OPEC has not yet been announced. Since December 2011
the quota was 30 million barrels
per day, although actual production for cartel
the past year and a half has always been
higher.

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