In the course of trading on the London stock exchange ICE cost of Brent crude oil on Tuesday, 29 March, fell below $ 39 per barrel. According to at 16:30 GMT, the benchmark grade of oil is 38,99 USD. This is according to the trading platform.
Oil is cheaper on expectations of fresh data on U.S. inventories. With the decline in quotes is the weakening of the ruble. Dollar on the Moscow stock exchange is 68,89 ruble, Euro 77,27. Official exchange rates for March 30 — 68,75 and 76,86, respectively.
Earlier, on February 16, Russia and several OPEC members (Saudi Arabia, Qatar, and Venezuela) agreed to freeze oil production in order to support the quotation, subsided for a year and a half by 70 percent. Also about the intention to join the agreement said Iraq and Kuwait, and on 20 February, is now Nigeria. Russian energy Minister Alexander Novak said that over 15 countries have publicly confirmed readiness to freeze the oil. It is expected that the meeting of representatives of oil-producing States will be held on 17 April in the Qatari capital Doha. Novak admitted that during the negotiations the parties will sign a document about the freezing of oil production at the level of January 2016.
