Russian stocks may rise on oil price growth ahead of OPEC meeting

MOSCOW, Nov 30 (PRIME) -- Russian stocks may increase at the opening on Thursday on neutral background and growth of oil prices ahead of an OPEC meeting on extension of the oil production cut agreement, analysts said.

“We expect the Russian stock market to open around 2,120–2,125 points at the MOEX Russia Index, assuming to see fluctuations of this stock indicator around achieved levels under the influence of changes of the foreign background and incoming news,” Oleg Shagov, head of the investment company Solid’s research department, said.

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

Brent oil futures are growing in expectation of results of an upcoming meeting of OPEC and non-OPEC states over extension of the oil production cut agreement.

The leading U.S. stock index futures are not changing much and main Asian stock indicators are mostly demonstrating downward dynamics.

Among other corporate events, investors will follow publication of financial results of Aeroflot and Tatneft.

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