Pre. Settlement | N/A |
Settlement Date | 2025-03-20 |
Open | 77.30 |
Bid | 75.93 |
Last Price | 76.16 |
Day's Range | 77.30 - 77.30 |
Volume | |
Ask | 76.76 |
Almost three-quarters of all seaborne Russian crude oil managed to get shipped without Western insurance in August, per a Financial Times analysis.
After the worst week since March on Wall St, three issues keep the pressure - a possible U.S. government shutdown at the end of this week, rising annual oil prices and a heavy diary of Treasury debt sales. Even before U.S. markets kick off on Monday, China's ongoing property bust threw another curve ball at stocks markets there. Shares of the ailing China Evergrande plunged 21.8% after the developer said it was unable to issue new debt due to an ongoing investigation into one of its subsidiaries, dealing a fresh blow to its restructuring plans.
The rouble hovered close to 96 to the dollar on Monday, trading in a relatively narrow range and supported by high oil prices after the Russian government announced new rouble-linked export duties and temporarily banned some fuel exports last week. At 0721 GMT, the rouble was steady against the dollar at 96.24 RUBUTSTN=MCX and had gained 0.1% to trade at 102.52 versus the euro EURRUBTN=MCX. On Thursday, Russia's government said a new set of export duties linked to the rouble-dollar exchange rate would be introduced on Oct. 1 and last until the end of next year.