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The Euro fell below 74 rubles on the background of rising oil

Курс евро упал ниже 74 рублей на фоне дорожающей нефти

The course of uniform European currency on Wednesday evening, December 20, continues to decline and as at 22:00 GMT is 73,70 ruble per Euro. This is evidenced by data Moscow exchange.

The dollar exchange rate has reached the value 65,16 rubles per dollar.

Exchange rates are falling amid rising prices for oil. A barrel of Brent crude on the ICE stock exchange is 45,63 of the dollar, rising more than 3 percent compared with the closing price of the previous day.

Brent rises in price after the publication of data the U.S. Department of energy on oil inventories in the country. For the week the index increased by 2.1 million barrels to 538,6 million barrels. It is expected that they will grow by 2.4 million barrels.

April 17 in the Qatari capital Doha hosted a meeting of representatives of the countries-manufacturers of oil. It was expected that the parties will sign an agreement to freeze production to prevent further fall of prices for hydrocarbons. However, the deal did not materialize due to the fact that Saudi Arabia refused to sign any documents without the participation of Iran. The representatives of the Islamic Republic in Doha has not arrived.

After receiving information about the failure of the negotiations of the Brent oil initially fell nearly 5 percent to 40,16 dollar and the U.S. currency rose to 68.3 ruble.

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