The ruble strengthened in early trading on the background of rising oil prices

the dollar and the Euro started trading on the Moscow stock exchange decline. The ruble rose against the bi-currency basket, according to the auction.

Trades on the dollar started at ETS in the range 63,25-63,3 RUB In the first minutes of trading the U.S. dollar exchange rate amounted to 63,25 rubles, dropping by 10.5 kopecks relative to the closing level of the previous trading session.

Meanwhile, the Euro was 69,44 rubles 12 kopecks below the previous close.

the Value of the currency basket decreased by 11.18 kopecks to RUB of 66.03

oil Prices rose on Friday after OPEC technical Committee+ recommended to cut production by another 600 thousand barrels per day, to support oil demand amid the spread of Chinese coronavirus.

the Cost of the April futures for Brent crude on London’s ICE Futures exchange at 10:01 MSK rose 0.6% to $55,26 per barrel.

the Price of contracts on crude oil for March delivery on the new York Mercantile exchange (NYMEX) increased by 0.4% to $51,16 per barrel.