According to the expert, oil prices are “driven” by the development of the situation between Israel and Hamas.
“According to the latest data, the market is doubtful about a potential ceasefire; Brent oil has risen by more than 3% over the past couple of days,” Ramaninov said.
As for the foreign exchange market, as RT’s interlocutor noted, the global agenda has recently been focused around “strong” data on the labor market in the United States.
“They came out above all forecasts, the consequence of this was that the market delayed waiting for a rate cut by the US Federal Reserve and the dollar strengthened against the main currencies,” explained RT’s interlocutor.
The analyst also added that next week there will be a meeting of the Central Bank of Russia on the key rate, but emphasized that this “will not have a significant impact on the rate.”
He clarified that this was the case after the press releases of previous meetings.
“The effect that a change in rate has on the exchange rate is delayed over time. Several factors influence the ruble exchange rate. First, the government supports the extension of measures on the mandatory sale of foreign currency earnings until the end of 2024,” Ramaninov explained.
He added that since Wednesday, support for the ruble has decreased, as sales of the Central Bank's currency have more than halved.
Earlier, the Russian Ministry of Finance said that oil and gas revenues of the Russian budget in January increased by 58.7%.