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Currencies – Ruble Goes Down with Oil Prices

Posted on: July 12, 2011

The Russian ruble fell today as crude oil, the main source of Russia’s export revenue, declined for the second day on concerns for the recovery of the world economy. August futures for crude oil delivery fell $0.98 (1 percent) to $95.29 a barrel. Crude retreated 10 percent in June to the lowest

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