Rising oil prices stimulate the ruble.

No matter how much the skeptics talked about cheap oil, their expectations were not met; Brent crude oil prices began to rise rapidly and reached $46 per barrel, while Light crude was selling for $45.
The reason for the price increase was the statements about the intention of OPEC members to develop a plan to reduce oil production.

This information came from an employee of the Egyptian Ministry of Oil Production.

According to him, this issue will be key at the December summit; low prices do not suit the majority of OPEC members.

The second reason that influenced the increase in oil prices was the terrorist attacks in Nigeria, which damaged key oil pipelines. As is known, the Russian ruble and oil have a rather close relationship correlation, this was confirmed once again.

The national currency strengthened by 2.1 percent, reaching 66.58 against the US dollar and 69.30 against the European currency.

In addition, there has been a steady increase in the price of shares of companies with dividend payment deadlines approaching; this situation is associated with an increase in applications to purchase such securities.