Russian stocks seen falling early on oil price decrease

MOSCOW, Nov 10 (PRIME) -- The Russian stock market will likely open lower on Friday because of a decrease of oil prices on Thursday, analysts said.

"The situation is mostly negative today. The Asian markets are under the sales pressure, the U.S. S&P 500 futures looks downwards during premarket trading," management company Alfa-Capital’s senior trader Vladislav Silayev said.

The Brent oil price decreased by 0.17% to U.S. $79.89 per barrel on Thursday on the back of a deceleration of recovery of the Chinese economy leading to a weak demand for fuel, Vladislav Antonov, financial analyst at BitRiver, said. On Friday in the morning, the price recovered to $80.43.

The ruble may start to strengthen closer to the end of November thanks to tax payments, Antonov said.

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