Russian stocks may rise backed by steady oil price growth

MOSCOW, Dec 12 (PRIME) -- Russian stocks may increase at the opening on Tuesday, as oil prices are steadily growing and the foreign background is moderately positive, analysts said.

“We expect the Russian stock market to open around 2,150 points at the MOEX Russia Index, assuming that amid a favorable foreign background this stock indicator will continue growth outlined the previous day,” Oleg Shagov, head of the investment company Solid’s research department, said.

Vitaly Manzhos, a senior risk manager at investment company Nord Capital, expects the MOEX Russia Index to moderately grow by around 0.3% at the opening, around 2,155 points.

The ultimate influence of key external factors that have a significant impact on the Russian financial market is moderately positive today, Shagov said.

Brent oil futures sharply grew and are currently fluctuating around U.S. $65.6 per barrel on reports about an accident at the Forties pipeline in the North Sea, which can be closed for several weeks due to a discovery of a small crack.

The leading U.S. stock index futures are growing a bit and main Asian stock indicators are not showing single dynamics.

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