Russian ruble weakens on oil news

Collapse of the national currency continues in Russia against the background of falling oil prices.

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Russian ruble weakened by 72 kopiykas to RUB 70.67 to the dollar at the Moscow Stock Exchange.

The euro exchange rate weakened by 86 kopiykas to RUB 78.55 to the euro.

Read alsoOil prices fall as oversupply lingers, economic slowdown loomsAs UNIAN reported earlier, oil prices fell over half a dollar on Tuesday, extending losses from the previous session as concerns took hold that a six-week recovery may have petered out due to ongoing oversupply.

International benchmark Brent crude futures LCOc1 were trading at $38.91 per barrel at 07:24 GMT, down 62 cents from their last settlement.

U.S. crude futures CLc1 were 67 cents lower at $36.51 a barrel.

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