Russian stocks may fall dragged by oil prices, global floors

MOSCOW, Feb 12 (PRIME) -- Russian stocks may decrease at the opening on Friday dragged by falling oil prices and negative dynamics of global floors, analysts said.

“The external background before the start of trading in Russia is slightly negative. Oil is getting cheaper, and contracts for industrial metals show mixed movement. Commodity currencies are mostly under slight pressure. Sales dominate on Asian stock exchanges. At the beginning of the day, the Russian market may go into negative territory, and the ruble may slightly weaken,” Otkritie Broker analyst Andrei Kochetkov said.

Alor Broker analyst Alexei Antonov said that oil prices went below U.S. $61 per barrel.

“So, the opening awaits us today in the ‘red’ zone. But it is far from certain that after the morning drawdown, the bears will start strengthening their positions. There are no particular reasons for this,” Antonov said.

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