Brent oil price rises above $58

Brent oil price rises above $58

Oil prices pushed higher as the conflict between Iraq and Kurdistan entered a new phase with the advance of Iraqi forces on Kirkuk. 

Brent rose above $58 and while the late September highs above $59 are within sight it may struggle to find much momentum past $60 as this remains a fairly localised conflict that is unlikely to spark wider disruption to supplies from the Middle East, the Guardian reported.

Today the price of the US dollar declined 0.6 rubles on the Moscow stock exchange, reaching 57.1 rubles at 10:34 MSK. The euro has also declined: the exchange rate of the euro currency dropped by 0.29 rubles to 67.34 rubles.