Brent Oil is near year lows, cheaper ruble tenge and

Quotes of Brent oil benchmark continue to decline, which lasts about a quarter – After partial recovery, which peaked in May. It is reported. As of 9:05 Kyiv time in electronic trading on Brent barrel give 46 dollars 88 cents. It is only in the dozens of cents more perennial lows recorded in mid-January 2015. Then one of the trading sessions ended at 46 dollars 59 cents, but in early 2015 at this level for a long time is not delayed. Events in the oil market affect the economy, largely dependent on energy exports. Finansova government of Kazakhstan on August 20 announced the rejection of the so-called « currency corridor » and the transition to free pricing in the foreign exchange market. This led to the fall of the local currency – tenge by 28% against the US dollar. Similar trends are recorded in Russia. With the dollar as of 9:12 give 66 rubles 73 kopecks. Year tth in the same period the rate was slightly higher than 35 rubles to the dollar. Among the negative factors for the Russian economy, in addition to reducing oil prices, there are sanctions imposed by the West over Moscow's policy towards Ukraine.

Source: http://artlife.rv.ua/