Ruble gains against U.S. Dollar as crude rises

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Source: Bloomberg
The Ruble strengthened against the U.S. Dollar as crude, nation's main export, traded at three-month high. The Ruble gained 0.2% to 31.8900 per U.S. Dollar, the highest since August 6. Crude climbed for a third day, rising as much as 0.8% to $95.14 per barrel, the highest close in three months. Natural gas and oil make up 50% of Russia's budget revenue. 
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Fri, 17 Aug 2012 06:40:37 GMT

Oil falls on belief its not sustainable

Oil dropped after a three-day rally, cutting a third weekly rise in New York amid speculation its climb to a three-month high was not reasonable. On Friday, futures declined 0.7%, after a 1.4% gain yesterday to $95.60 per barrel, the highest since May11. September-delivery oil slid to $94.98 per barrel. Brent October-settlement crude slipped 1.2% to $113.90 per barrel in

Fri, 17 Aug 2012 15:50:55 GMT

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