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The Russian ruble is rallying as oil climbs

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The Russian ruble is rallying as oil climbs

rubles to dollars

Markets Insider

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:

  • The US dollar index is down by 0.2% at 96.98 ahead of a busy day for Fed speak. Patrick Harker, Neel Kashkari, Lael Brainard, and Charles Evans will all be taking the mic Monday.
  • The Japanese yen is little changed at 111.34 per dollar after data showed Japan’s trade surplus narrowed to 481.7 billion yen in April as exports to China rose by 14.8% versus a year ago.
  • The euro is up by 0.3% at 1.1242 against the dollar and trading at its best level since November 9, the day following Trump’s election win.
  • The British pound is little changed at 1.3020 against the dollar.

Get the latest Oil WTI price here.

NOW WATCH: Here’s why the American flag is reversed on military uniforms

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Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.



✍ Sumber Pautan : ☕ Business InsiderBusiness Insider

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rubles to dollars

Markets Insider

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:

  • The US dollar index is down by 0.2% at 96.98 ahead of a busy day for Fed speak. Patrick Harker, Neel Kashkari, Lael Brainard, and Charles Evans will all be taking the mic Monday.
  • The Japanese yen is little changed at 111.34 per dollar after data showed Japan’s trade surplus narrowed to 481.7 billion yen in April as exports to China rose by 14.8% versus a year ago.
  • The euro is up by 0.3% at 1.1242 against the dollar and trading at its best level since November 9, the day following Trump’s election win.
  • The British pound is little changed at 1.3020 against the dollar.

Get the latest Oil WTI price here.

NOW WATCH: Here’s why the American flag is reversed on military uniforms

Please enable Javascript to watch this video

Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.



✍ Sumber Pautan : ☕ Business InsiderBusiness Insider

Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2rtfDG4

(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!



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