Riding improvements in the price of oil from recession to recovery, Russian President Vladimir Putin said Thursday the economy is on stable ground. Russia’s economy lingered in recession in 2016 and the national currency, the ruble, declined in value after crude oil prices dipped below $30 per barrel. Oil prices have been fluid this year, trading in a range of around $62 per barrel to $80 per barrel for Brent, the global benchmark for the price of oil. Russia is party to an effort led by the Organization of Petroleum Exporting Countries to limit production in order to balance an oversupplied market. It’s the largest contributor to that effort among non-member states, pledging to sideline about 300,000 barrels of oil per day. After the deal was brokered […]