Friday, November 28, 2014

Russian rouble sinks lower as oil prices plunge following OPEC meeting

Russia's rouble has sunk to new record lows following the decision not to cut oil production at a meeting of OPEC oil-producing countries in Vienna on Thursday.


The decision sent oil prices plunging, with Brent crude hitting its lowest since August 2010, falling below $72 a barrel.


Oil prices have been sinking since the summer.


Russia's finance minister said earlier this week Russia could lose 100 billion dollars from the decline in oil prices.


Russia correspondent Jake Rashbass reports.


IN: Russia's budget is largely

OUT: SOC

DUR: 48secs

POT: 37secs.


Posted by at