Dollar Falls Against Ruble After OPEC Decision on Oil Output Freeze

Dollar Falls Against Ruble After OPEC Decision on Oil Output Freeze

WORLD 00:12 29.09.2016

The dollar dropped to 63 rubles in the last hours of Wednesday after the agreement of the Organization of the Petroleum Exporting Countries (OPEC) to freeze daily oil output.

MOSCOW (Sputnik) – According to Moscow stock exchange data, the dollar fell by 0.82 against the ruble, down to 63.04 rubles, while the euro to ruble rate decreased by 0.95, down to 70.68 rubles.

Earlier on Wednesday, media reported that the OPEC states reached an agreement to freeze daily oil output for the whole organization. The commitment date of oil output freeze will be presented at the cartel’s upcoming meeting in November.

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