Bullish sentiment is overflowing! Wall Street is collectively betting that Trump's presidency will further boost the dollar's surge.
Wall Street predicts that with the resilience of the USA economy and the decline in interest rate cut expectations, along with the incoming USA President Trump's vow to impose strict tariffs, the US dollar will rise further.
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Russia's budget oil revenues for 2024 are expected to increase by nearly one-third.
Russia's budget oil revenue increased by nearly one-third last year, reaching the highest level since at least 2018, thanks to rising oil prices, while the country adjusted to international sanctions. According to estimates from Bloomberg based on data released by the Ministry of Finance on Monday, in 2024, oil-related tax revenue rose to 9.19 trillion rubles (89.4 billion USD), up from 7.04 trillion rubles a year earlier. Revenue from Crude Oil Product and refined oil accounted for 83% of Russia's total Oil & Gas revenue, which was 11.13 trillion rubles last year. The surge in oil revenue reflects the rise in the price of Ural Crude Oil, Russia's key export product.