The Russian ruble is proving surprisingly impervious to the price of oil. The currency of the world's largest energy exporter has more or less ignored the value of the commodity in the past few months, according to Citigroup Inc. analysts led by Luis Costa. Usually when oil prices fall, so does the currency, but not so recently.
Bloomberg: Russia’s currency is turning a blind eye to oil prices
A general view shows pipelines in the newly opened section of the oil refinery of Zubair, southwest of Basra in southern Iraq, on March 3, 2016.
