Russian stocks may grow on oil above $60/bbl, rising global floors

MOSCOW, Feb 8 (PRIME) -- Russian stocks may increase at the opening on Monday backed by positive dynamics of global floors and oil prices rising above U.S. $60 per barrel, analysts said.

The external background before the start of trading in Russia is weakly positive. Oil is getting more expensive, but the growth dynamics of industrial metals is less pronounced. Asian markets are growing, hoping for U.S. stimulus, Otkritie Broker analyst Andrei Kochetkov said.

“In the first half of the day, we can expect further attempts by the Russian market to show growth thanks to the oil and gas sector. The ruble is also able to continue strengthening following oil,” the analyst said.

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