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Brent oil slumps under $35 for first time since 2004


An oil platform (background) and the loading buoy (foreground) in the North Sea, pictured on December 13, 2007. SCANPIX NORWAY/AFP/File

LONDON (AFP) – Brent oil prices tumbled Wednesday beneath $35 for the first time in 11 years, plagued by abundant oversupply and amid the ongoing row between key producers Iran and Saudi Arabia. 22 more words

Russians Seek to Soften Impact of Ruble Depreciation

Russian Businesses look for new ways to hedge against further currency volatility

A currency exchange office in Moscow. The ruble’s current depreciation appears to be of strong political importance for the Russian government. 987 more words