The Russian ruble extended its decline today, losing a quarter of its value since August. It now takes more than 113 rubles to purchase one U.S. dollar.
Goldman Sachs predicts that oil prices will drop below $80 per barrel.
Goldman Sachs has cut the outlook for oil prices to below $80 a barrel amid expectations of a surplus next year.
Oil prices have dropped to nearly their lowest point of the year.
Oil prices have dropped close to their lowest levels this year, driven by growing optimism over a potential ceasefire proposal in Gaza, which could help ease tensions in the Middle
Rouble Falls to Three-Month Low Following Ukraine Attack
The rouble fell to its lowest level since late May after Kyiv launched its largest incursion into Russian territory since the war began in 2022.
Russia’s revenue from oil and gas decreased by 24% in 2023.
In 2023, Russia’s federal budget saw a 24% decrease in income from oil and gas, totalling 8.822 trillion roubles ($99.4 billion), as reported by the finance ministry on Thursday.
Russia hikes interest rates to 15pc – Rouble jumps to six-week high
Russia has raised its interest rates to 15%, intensifying its efforts to combat inflation amid labour shortages and a depreciating ruble.
Israel’s shekel hits 11-year low against the US dollar
The Israeli shekel hit its lowest point in 11 years compared to the US dollar on Thursday, following a “targeted raid” in Gaza conducted by IDF tanks and infantry the
Oil prices falls as Israel delays ground incursion.
Oil prices declined by 2% today as market participants anticipated a postponement of Israel’s ground assault on Gaza.
Russian rouble hits 18-month low – Middle East conflict
The rouble has dropped to its lowest level in over 18 months against the dollar, influenced by the ongoing crisis between Israel and Gaza.