Russian ruble tumbles to another record low amid sliding oil prices

The Russian ruble is reaching record lows in the trading session on January 6, battered by declining oil prices.

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At trading on the Moscow Stock Exchange, the U.S. dollar rose 0.73% against the ruble to 74.04 RUB/USD, hitting August 2015 levels.

The euro rose 0.74% against the ruble to 79.46 RUB/EUR.

The value of a dual-currency basket amounted to RUB 76.94.

Read alsoOil prices drop further amid Iran, Saudi conflictAs UNIAN reported earlier, oil prices resumed their decline on Wednesday having risen 4% since the beginning of the new year, as renewed conflict in the Middle East failed to quell concern over persistent oversupply.

Brent futures slid 1.8% to $35.79 a barrel, while WTI crude futures were down by 1.06% to $35.59 per barrel during the trading on the Intercontinental Exchange.

Market attention is focused on news from North Korea as a reported nuclear test has heightened investors' concerns about the security in North East Asia. 

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