EXCHANGE RATE OF #BRENT ON FOREX

The quote #BRENT reflects the exchange rate of Brent crude to the US dollar on Forex. Brent is North Sea oil. Do not confuse it with the American brand WTI (West Texas Intermediate). The cost of Brent crude oil is the indicator, according to which forecasts are made all over the world. The price of this resource directly affects the exchange ratio of the American dollar to the Russian ruble. Everyone knows that if the price of barrel is falling, then the dollar is growing. Brent oil is a global asset, one of the main values, like gold and the US dollar. Most financiers follow and analyze trading and futures for the supply of this oil, because it is possible to predict many events and trends in the world economy on the basis of this information.

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