The price of Brent Crude, which has dipped below $60 in recent days, jumped 2.2 per cent to $62.68 per barrel after Saudi Arabian oil minister Ali Al-Naimi said at a conference that the recent fall in prices was "temporary.
The rouble, one of the most obvious casualties of plummeting oil prices, also lifted after Al-Naimi's accusation. This morning the currency, which has lost more than half its value against the dollar this year, had risen more than five per cent in early trading, with 56.7 roubles buying $1, down from 67 roubles last week.
http://www.cityam.com/206118/rouble-rallies-oil-price-continues-its-rise
The Russian bumble bee (oil & gold),
starting to rise?
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The fiction that is Russian gold sales., page-19
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