Ruble Tumbles Most in 14 Months With Crude After Brexit Vote
- JPMorgan says Gazprom among companies most vulnerable to U.K.
- Brexit risk is ‘muted,’ possible time to buy: Credit Suisse
This article is for subscribers only.
The ruble weakened the most in 14 months as Britain’s vote to quit the European Union triggered a flight from riskier assets and pummeled the price of crude oil.
The currency of the world’s biggest energy exporter dropped as much as 5.5 percent, while bonds sank and stocks fell the most since January. Brent crude fell as much as 6.6 percent on Friday, weakening along with most commodities.