Ruble sinks to new record low as WTI nears $44 — RT Business

Ruble sinks to new record low as WTI nears $44 — RT Business:



"The volatile ruble has hit a fresh low against the US dollar, trading at 69 per 1 USD after the Russian currency lost 2 percent of its value in opening trading hours in Moscow.



Since the beginning of the year, the ruble has lost nearly 15 percent of its value, in tandem with plunging oil prices, which have also lost 15 percent.

Wednesday’s ruble rout is a reaction to the drop of WTI to $44.08 per barrel, the lowest price since April 2009. WTI is the North American oil benchmark.At the time of publication, WTI had edged up slightly to $44.29."



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