Russian Ruble Sinks After Doha Meeting Failure

The Russian ruble dropped today as the meeting of major oil-producing countries in Doha failed to bring an agreement on freezing oil production.
Major oil producers were meeting in Doha, Qatar, to discuss an output cap as a measure to support oil prices. Many experts were skeptical about the possibility of a deal, and as it turned out they were right. The lack of freeze hurt commodity-related currencies (though some of them were lucky enough to escape losses), especially those tied to crude oil directly, like the ruble.
USD/RUB rose 0.54% to 66.8451 as of 14:05 GMT today.

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