What Oil Price Correction? By Jeremy Jones, CFA - December 17, 2014 Below is a chart of the price of oil denominated in rubles. In Russia, a cratering currency has resulted in higher, not lower, oil prices for consumers and producers. Share this:EmailTwitterFacebook RELATED ARTICLESMORE FROM AUTHOR Revitalizing U.S. Mineral Production Breakthrough Material Enables Ultra-Fast Battery Charging US Ethane Production and Exports Reach Record Levels in 2024