Russian Ruble Rally Halted After OPEC Meeting

The Russian ruble, which gained during the past three days as the crude oil rates advanced globally, had its rally stopped today after decisions taken in an OPEC meeting in Angola, which influenced the oil prices.
After the Organization of Petroleum Exporting Countries agreed to maintain its current oil production quotas stable on a meeting held in Angola, the crude oil rates stopped to advance, consequently halting a ruble rally, since Russia is a main energy commodities provider for Europe.
USD/RUB traded at 30.59 as of 20:19 GMT from an opening rate of 30.51 this Tuesday.

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