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+--- Thread: Russian ruble falls to 12 month lows as OPEC cuts fails to restore oil prices (/Thread-Russian-ruble-falls-to-12-month-lows-as-OPEC-cuts-fails-to-restore-oil-prices)
Russian ruble falls to 12 month lows as OPEC cuts fails to restore oil prices - sgbuffett - 11-04-2023
Shale and offshore producers step up production once oil rose slightly... keeping prices low and Russia desperate.
As Russian coffers reserves sink to near zero levels for US$, Russia has no way to support the ruble and collapse is just around the corner.
https://www.marketwatch.com/story/russian-ruble-falls-to-lowest-level-against-u-s-dollar-in-a-year-heres-whats-driving-it-lower-b0e951a8