Russian central bank (CBR) chief Elvira Nabiullina on Friday explained that the CBR was involved with the Russian government over oil deal negotiations with the Organization of the Petroleum Exporting Countries (OPEC). “The drop in oil prices is exacerbated by the coronavirus outbreak,” Nabiullina added. “It is important for us to be ready for any development in the oil market.” Crude oil reaction The barrel of West Texas Intermediate (WTI) erased a large portion of its early gains and was last seen trading at $25.25, adding 1.15% on the day. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Canada: Retail sales will get much worse – RBC Economics FX Street 2 years Russian central bank (CBR) chief Elvira Nabiullina on Friday explained that the CBR was involved with the Russian government over oil deal negotiations with the Organization of the Petroleum Exporting Countries (OPEC). "The drop in oil prices is exacerbated by the coronavirus outbreak," Nabiullina added. "It is important for us to be ready for any development in the oil market." Crude oil reaction The barrel of West Texas Intermediate (WTI) erased a large portion of its early gains and was last seen trading at $25.25, adding 1.15% on the day. Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.