Russian stocks seen falling on oil price decrease after OPEC+ ruling

MOSCOW, Jul 19 (PRIME) -- The Russian stock market will likely decrease on Monday in the morning as the oil prices fell after OPEC+ states agreed to raise output gradually, analysts said.

"The external background is unfavorable today -- the American futures have fallen by 0.4%, oil has lost a percent. This is why we will fall at the opening," Alor Broker analyst Alexei Antonov said.

Georgy Vashchenko, head of investment company Freedom Finance’s department for trade operations on the Russian stock market, said that global markets are under the pressure of fears of accelerating U.S. inflation and inflation expectations that have risen to maximum since 2008.

Higher contagion rates in the U.S. are also worrying, he added.

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