A new jump in oil prices.

Good news has been rare lately, so the sharp rise in oil prices came as a pleasant surprise to many Russians.

I would like to hope that the trend will continue and the price will reach $100 in the foreseeable future.

In the meantime, on Tuesday, December 22, 2016, the price of oil was just a couple of cents short of breaking the psychological mark of $50 per barrel.

The following days there was a minor correction, after which we can expect a resumption of the upward trend.

Perhaps a positive role will be played by the decision to stabilize the energy market, which will be made by the countries that are the largest oil and gas producers.

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Surprisingly, the Russian ruble reacted rather sluggishly to the rise in oil prices; its strengthening was short-term and insignificant. We can only hope that the currency simply did not have time to react to the good news.

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