As international sanctions push Russia toward its first recession since 2009, market analysts are predicting a worse outlook for the prices of crude oil, the country’s biggest export. The bleak outlook for the price of crude oil has prompted money managers at Franklin Templeton Investments and Paribasto to cut back in Russia, Bloomberg reported. “For now there’s stability, but the price of oil seems to be settling in at a new normal,” Ruchir Sharma, the head of emerging markets at Morgan Stanley Investment Management, told Bloomberg Business. “It’s a stability, but stability with stagnation. I don’t know how long they can coexist, but this seems to be the prognosis for now.” Brent crude oil dropped 19 percent from this year’s high as the ruble went […]