On the morning of December 4, the ruble is growing against the dollar and the euro on the Moscow Stock Exchange against the backdrop of the decision of the OPEC + countries to increase oil production at a more gradual pace. The Mosbirzh index for the first time since January 22 exceeded the 3200 point mark.
Now the dollar is trading at 74.34 rubles. As of December 4, the maximum was 74.43 rubles per dollar, the minimum was 74.17 rubles. As a result of the first minute of trading on the Moscow Exchange, the US currency fell 12 kopecks to the closing level on December 3.
The euro is now at 90.42 rubles. As of December 4, the maximum was 90.45 rubles for foreign currency, the minimum was 90.18 rubles. According to the results of the first minute of trading, the euro fell by six kopecks.
The value of the Moscow Exchange index is now 3,179.18 points. Its maximum indicator for today was 3,200.23 points, the minimum - 3,171.44 points. At the moment, the trading volume on the Moscow Exchange exceeds 43.650 billion rubles.
The ruble is strengthening against the dollar and the euro thanks to the decision of OPEC + to increase production at a more gradual pace and rising oil prices, experts from Interfax-CEA explained. Veles Capital analyst Elena Kozhukhova also told RBC that the decision of the OPEC + countries caused a positive reaction in the oil market and brought it to new highs since the beginning of March, which is positive for domestic assets and currency.
On December 3, the OPEC + countries supported the decision to increase oil production by half a million barrels per day from January. The OPEC + ministers agreed to address the issue of further increases every month. It cannot be more than half a million barrels per day.
OPEC + is an expanded format of OPEC, an international organization that unites countries that control a significant share of world exports and oil reserves. Formed in November 2016. Russia then, against the backdrop of dissatisfaction with oil prices, proposed to expand the composition of OPEC and create OPEC +. This allowed our country to submit its proposals within the framework of the new format.
OPEC + members control about 55% of the world's oil supplies and 90% of its reserves. Today, in addition to 13 OPEC member countries, the organization includes 10 more countries: Azerbaijan, Bahrain, Brunei, Kazakhstan, Malaysia, Mexico, Oman, Russia, Sudan, South Sudan.
