Saudi Arabia and Russia’s Crude oil production agreement is good move for the Rouble

By Ricky Bean April 13th, 2016

The Rouble led the way in emerging markets yesterday, gaining 1.3% against the US dollar yesterday. It reached heights last seen in November as Brent crude rose 2.2% in London –a 57% increase on the figures seen in January. This surge in Crude is a result of Saudi Arabia and Russia agreeing a decision on a cap on oil production; previously Saudi Arabia refused to play ball until Iran agreed also.

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Saudi Arabia and Russia’s Crude oil production agreement is good move for the Rouble

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