MOSCOW: The Russian rouble edged lower on Monday as falling oil prices reflected lingering doubts over the prospects for an output freeze deal between leading world oil producers.
At 0725 GMT, the rouble was 0.2 percent weaker against the dollar at 67.27 and had lost 0.3 percent to trade at 76.78 versus the euro.
Brent crude oil, a global benchmark for Russia's main export, was down 1 percent at $41.5 a barrel.
The Russian currency gained over 1 percent against the dollar on Friday as Brent prices surged by more than 6 percent.
Crude prices slipped back on Monday, however, as influential bank Goldman Sachs poured cold water on the prospects of a planned oil producer meeting successfully reining in global oversupply.
Rosbank analysts in Moscow were also sceptical about the outcome of the meeting.
"The dynamics of the rouble rate partly share such scepticism - the national currency hasn't managed to completely price in the moves on the oil market," they said in a note.
"Demand for dollars is still high around USDRUB's lowest levels in around four months."
Russian share indexes were flat on Monday.
The dollar-denominated RTS index was up less than 0.1 percent at 879 points, while the rouble-based MICEX was up 0.1 percent at 1,879 points.
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