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Oil has risen against the weakening dollar

Нефть подорожала на фоне ослабления доллара

Brent crude on London exchange ICE rose to 49.57 per barrel. Compared with the end of trading on June 17 benchmark grade rose in price on 0,81%. This is evidenced by the trading platform.

Texas WTI crude oil also rises in price — as of 8:58 GMT the cost of stamps rose to 49.02 USD per barrel.

The price of oil increases amid weakening of the dollar against major world currencies, it becomes cheaper due to expectations of continued membership of Britain in EU.

The ruble has not yet responded to the increasingly expensive hydrocarbons, trading on the Moscow stock exchange will commence at 10:00 GMT.

Earlier, on 8 June, the Russian Finance Minister Anton Siluanov said that the ruble exchange rate is no longer directly dependent on oil prices.

Federal budget for 2016 laid out based on the average price of Urals oil at $ 50 per barrel. It is expected that its deficit will reach 2.36 trillion rubles — it is covered by the Reserve Fund.

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