Ruble quotes behave extremely vaguely. At the opening of exchange trades on Tuesday, December 5, the value of the national currency fell sharply. In a few minutes the rate of the US dollar increased by 5 kopecks - to 58.86 rubles. The euro exchange rate at the same time increased by 14 kopecks, amounting to 69.83 rubles. Analysts explained this behavior of the Russian currency by the reaction to cheaper oil. The price of black gold declined during the Asian trade due to the fact that investors rushed to fix profits.

A few days earlier, oil prices jumped sharply higher on news about the extension of the OPEC + agreement on a reduction in raw materials production by the end of next year. However, gradually the ruble played losses and unfolded a negative trend in the opposite direction, according to the data of the Moscow Stock Exchange. As of 10:30 Moscow time, the value of $ 1 amounted to 58.66 rubles, which is 15 cents less than yesterday's figure, and 1 euro fell in price by 9 cents compared to the level of closing of Monday trades - up to 69.6 rubles. Stabilizing influence on the market is provided by forecasts concerning the reduction of commercial oil reserves in the USA. In addition, OPEC oil production in November, according to some sources, fell to a minimum in six months.

Thus, the countries entering the cartel fulfilled the terms of the agreement on the reduction of production by more than 100%, than they created the prerequisites for the further rise in price of oil. Perhaps this will affect the stability of the ruble.

However, Russian financial analysts say that the stability of the Russian currency will be short-lived. This month, many negative factors will put pressure on the ruble. The most important of these are the increase in the key rate by the US Federal Reserve, the lowering of the rate by the Bank of Russia, and the increased demand for some goods and services on the eve of the New Year holidays, which will disperse inflation and weaken the ruble in the last two weeks of the year.