After targeting "Aramco" .. The Moscow Stock Exchange rises and the Russian currency leaps

MOSCOW (Reuters) – The Russian stock index has reached its highest level since the beginning of August last year after the attack on an oil facility in Saudi Arabia, the largest exporter of crude in the world.

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The RTS index, at 10:33 Moscow time, has traded at 1387.47 points, an increase of 1.36% over the previous closing price, while the index MICEX based on the ruble has traded at 2813.80 points, up 0.79% from last Friday's closing price.

On the foreign exchange market, the Russian currency is appreciated by 0.92% compared to its US counterpart to reach 63.78 rubles to the dollar, the highest level recorded by the ruble since the beginning of the month. # 39; August.

Below is a graph showing the ruble trend against the dollar in about a month:

Bloomberg

The European currency also fell 0.78% to 70.73 rubles for one euro, according to data from the Moscow Stock Exchange.

Global markets are panicked after attacks on Aramco's facilities, which reduced oil production by 5.7 million barrels a day and did not provide a timetable for a full recovery in production.

Oil prices jumped nearly 20%, the price of Brent oil rising to 71.95 dollars a barrel, the largest daily increase recorded by the mix for nearly 28 years.

Safe haven markets, particularly gold, were also popular with spot metal gaining 1% to $ 1504 per ounce.

Source: agencies

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