Bearish bets on the biggest exchange-traded fund investing in Russian stocks have dropped to the lowest levels in six months as crude prices hold above $60 a barrel and the ruble bounces back from the worst annual slump since 1998.
Bloomberg: US bears retreat from Russia stock ETF as oil, ruble stabilize
Pedestrians walk past a board listing foreign currency rates against the Russian ruble outside an exchange office in Moscow on Dec. 3, 2014.
