Falling Tendency Continues On Russian Stock Market

Russian shares continue falling due to a drop in world oil prices and negative tendencies on the US futures market. A sharp increase in raw oil reserves in the USA led to a drop at the opening of IPE in London to $21.82 per barrel for futures on Brent oil. This resulted in a fall in prices for Russian oil shares and later in stocks of other companies. The RTS index went down to a level of 176 points. Analysts forecast it may drop to 165-170 points in the future.