Oil and the ruble finished the week at highs

Нефть и рубль заканчивают неделю на максимумах

The oil continues to rise, strengthening of the Russian ruble.

World oil prices continue to rise on the London and new York stock exchanges, strengthening of the Russian ruble.

So, futures for oil of mark Brent is estimated at $38,51 per barrel.

April futures for light WTI oil cost $35,81 per barrel.

After oil increases the rate of the Russian ruble. On Friday evening the American and European currencies update local minima, falling below 72 rubles (at least since the end of December last year) and up to 79 rubles (at least since January 6), respectively.

According to Financial Times, explaining the increase in oil prices in poslednii days, major stock market players believe that the bottom in oil prices has been passed and that have relied on reversal of quotes to upwards.

OPEC has reduced oil production