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The Dropping Oil Price is Hitting the Rouble




Crude Oil Brent scored 85 $ today and only in 2011 was the price lower.

Oil's price has been falling since late June and this is negatively affecting the Russian rouble.

Around 18 % was the strength the Russian currency has lost versus the US dollar.

Could this be part of a "normal correction" or part of a greater trade and currency wargame between the West and Russia.

Nevertheless, the US would have solid reasons to respond to Russia's threat against the petrodollar - the latter has exited the petrodollar system, as published in this article.





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