Russian stocks seen falling in early trade on oil price decline

MOSCOW, Jan 16 (PRIME) -- The Russian stock market will likely open lower on Monday as oil prices correct downward, analysts said.

"The Russian stocks may be pressured by correction on the energy market at the start of trading today," senior analyst at financial supermarket Banki.Ru Bogdan Zvarich said.

The nearest Brent futures corrected downwards from last week's gains by 0.7% to U.S. $84.7 per barrel.

According to the analyst, the foreign stock market mood was moderately positive, as the Asian floors added by 1.3% except the Japanese trading floor that lost 1.2%. The key U.S. indices' futures grew by 0.1%.

BitRiver financial analyst Vladislav Antonov said that success of a later recovery of the MOEX Russia Index would depend on corporate reports for October–December.

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