Russian stocks to edge up backed by crude hitting 3.5-year record - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Russian stocks to edge up backed by crude hitting 3.5-year record

MOSCOW, May 10 (PRIME) -- The Russian stock market is likely to open higher on Thursday supported by crude prices hitting U.S. $77 per barrel first since November 2014 on the U.S. decision to quit a nuclear deal with Iran, analysts said.

УThe U.S. quitting the Iran Уnuclear dealФ and a possibility of introduction of new sanctions against Iran have propelled the Brent oil futures to above $77 per barrel, enough for traders to see higher limits for investment in Russian stock as reasonable,Ф Olma senior analyst Anton Startsev said.

The crude market was additionally supported by a favorable oil inventories report issued by the U.S. Department of Energy, he also said.

Alpari senior analyst Anna Bodrova said that the crude market is obviously bullish and is seen heading for over a $79 mark. Andrei Vernikov, deputy CEO for investment analysis at Zerich Capital Management, believes that oil prices may reach $80Ц82 per barrel.

RTS index is likely to edge up in early trading, Startsev added.

Local investors will also track news from President Vladimir PutinТs meeting with IsraelТs Prime Minister Benjamin Netanyahu.


10.05.2018 09:34
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 77.7529 -0.6084 21 sep
USD 66.4725 -0.5373 21 sep
Stock Market Indices
1D 1W 1M 1Y
rtsi 1140.65 +0.58 18:50 20 sep
micex 2400.89 -0.15 18:50 20 sep
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 154.35 -1.93 18:49 20 sep
lkoh 4701.00 -0.38 18:49 20 sep
rosn 438.70 +0.19 18:49 20 sep
sber 191.16 -1.41 18:49 20 sep
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 78.0275 -0.1025 14:59 20 sep
USDTD 66.7525 -0.6175 17:44 20 sep