Ruble Vs Oil
10,053,800 Barrels of Oil daily, Russia is the largest Oil Exporter in the world
Lower oil prices forces Ruble lower, USDRUB goes higher
if, $50 Oil, USDRUB hits 60.00 Ruble per USD
With Ruble FX reserves, they can either intervene their currency or influence the price of Oil by Future Contracts.
Lower oil prices forces Ruble lower, USDRUB goes higher
if, $50 Oil, USDRUB hits 60.00 Ruble per USD
With Ruble FX reserves, they can either intervene their currency or influence the price of Oil by Future Contracts.
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