Ruble Falls Most in Emerging Markets as Oil Reversal Short Lived
- Weekend comments from Obama, Medvedev cloud outlook for thaw
- Saudi comments spark reversal in crude, energy company prices
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The ruble fell the most among emerging markets as Russia and the U.S. differed on goals in Syria and a rebound in crude prices was short-lived.
Russia’s currency weakened 1.2 percent to 65.5280 against the dollar as of 5:50 p.m. in Moscow, the biggest decline among 24 peers tracked by Bloomberg. Oil prices failed to hold gains after Saudi Arabia said it’s ready to work with producers to stabilize prices.