Ruble Ends Three-Day Rally as Oil Retreats Before Doha Meeting

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  • Pimco buys ruble on ‘cheap’ valuations amid oil's 2016 rally
  • Russia's Finance Ministry sells 27 billion rubles of bonds

Russia’s ruble fell, erasing earlier gains as oil weakened following data showing the market remains oversupplied and investors speculated about whether a weekend meeting between producers will lead to an agreement to freeze output.

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