Russian ruble falls amid declining oil prices

REUTERS

The ruble has again demonstrated a strong link to oil price trends. May futures for Brent, the global benchmark, on London's ICE Futures earlier fell by 0.6%, to $55.6 per barrel.

The MICEX index at the opening of Tuesday trading on the Moscow Stock Exchange fell by 0.2% to 1599.55 points.

As UNIAN reported earlier, oil prices started falling after the publishing of comments by Saudi oil minister Ali Al-Naimi that oil prices were unlikely rebound to $100 again, and that high oil prices were not in the interests of OPEC.