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The Russian ruble is tumbling

rubles to dollars

The Russian ruble is weaker on Monday.

The petro-currency was down by 0.9% at 58.2712 per dollar at 7:58 a.m. ET.

Earlier in the day, oil was under pressure.

Prices fell before bouncing back, weighed down by high supplies despite the initiative by major producers to cut output in an effort to tighten the market.

As for the rest of the world, here’s the scoreboard as of 7:59 a.m. ET:

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