Russian stocks may rise on increasing oil prices

MOSCOW, Jul 27 (PRIME) -- The Russian stock market is likely to increase at opening on Thursday amid growing oil prices and moderately positive background, analysts said.

“Today, at the start of trading, we expect more buying in Russian shares, which is supported by further improvement in the energy market. Under the circumstances, the Russian market will try to recover yesterday's losses, and the MOEX Russia Index may take another step towards the 3,000 points,” senior analyst at financial supermarket Banki.Ru Bogdan Zvarich said.

The sentiment on world markets on Thursday morning can be characterized as moderately positive, he also said.

“The MOEX Russia Index is again facing the strategic resistance of 3,000 points. The session may start with a growth of 0.1–0.2% and will take place in the range of 2,950–3,000 points,” BitRiver financial analyst Vladislav Antonov said.

Brent rose to U.S. $83.79 as investors can react to the news immediately, but just as quickly return to the previous trend, Antonov said.

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