The ruble strengthened against the dollar and the Euro amid rising oil prices

the dollar and the Euro declined at the start of trading on the Moscow exchange. The ruble rose against the bi-currency basket, according to the auction.

the First transactions in us dollar were held at ETS in 63,15-63,26 RUB In the first minutes of trading the dollar was at around 63,17 rubles 20 kopecks below the closing level of the previous trading session.

the Euro fell to 68.9 RUB, down 31 kopecks relative to the previous close.

the Value of the currency basket decreased by 24.95 pennies to RUB 65,75

oil Prices jumped on Wednesday. By 10:01 GMT, the April Brent crude on London’s ICE Futures exchange rose 1.8% to $54,97 per barrel.

the Price of contracts on crude oil for March delivery on the new York Mercantile exchange (NYMEX) increased by 1.3% to $50.6 per barrel.

meanwhile, data from the American petroleum Institute (API) showed that crude oil reserves in the U.S. for the week ended 7 February increased more than expected, by 6 million to 438,9 million barrels.

market Participants are waiting for the inventory data from the energy information Administration (EIA) of U.S. Department of energy, which will be published at 18:30 GMT.