The price of Brent crude oil may try to make a breakthrough in the area of $50 a barrel, analyst GK Forex Club Irina Rogova.
She recalled that, “later today will be published data on oil reserves from the (American) Institute API”. “Last week they repelled an increase of 3.4 million barrels. But the report from the EIA went at odds with these data. It is possible that this week we will see the fall of stocks (U.S. — ed.). This means that the oil may try to make a breakthrough in the area of $ 50 per barrel”, — said in the review expert.
In this case, she predicts, “Russian instruments will play this positive already at the opening on Wednesday”. “But it is unlikely that the ruble will be able to show significant growth. The fact that Russian currency notes a record number of long positions, and at any moment can begin profit-taking that will lead to a rapid and sharp weakening. Which hinders the interest in the ruble,” says Rogov.
