Ruble Recovers With Oil as Citigroup Says Selloff Went Too Far

Updated on

The sun sets beyond an oil pumping unit at a drilling site operated by Tatneft OAO near Almetyevsk, Russia.

Photographer: Andrey Rudakov/Bloomberg

The ruble climbed from the weakest level since February as oil rebounded and Citigroup Inc. raised its recommendation on Russia’s currency, saying the slump was “excessive.”

To continue reading this article you must be a Bloomberg Professional Service Subscriber.