The Russian ruble is rallying as oil climbs
|05/22/2017||Posted by BusinessMediaguide.Com under General World News||
The Russian ruble is rallying as oil prices climb ahead of OPEC’s meeting in Vienna later this week.
The petrocurrency was up by 0.4% at 56.6961 per dollar as of 7:55 a.m. ET.
Brent crude oil, the international benchmark, was higher by 0.9% at $54.09 per barrel, while WTI crude oil, the US benchmark, was up by 1.0% at $51.16 per barrel.
OPEC officials are meeting Thursday, and will be discussing whether to extend production cuts.
As for the rest of the world, here’s the scoreboard as of 8:04 a.m. ET: