Russian ruble hits new minimum amid collapse in oil prices

REUTERS

The Russian currency weakened 0.36% against the euro, trading at 74.42 RUB/EUR.

As UNIAN reported earlier, global oil prices on Monday have been falling to their lowest level in 2015, against the backdrop of reports that the OPEC failed to decide on changing oil production quotas for the first time in 30 years.

Read alsoOPEC decision to keep output high pulls oil prices close to 2015 lowsThe possibility of a December rate rise by the U.S. Federal Reserve also exerts some pressure on the ruble exchange rate.