The Russian stock market opened higher by 0.5-2% amid high oil prices

The Russian stock market opened higher by 0.5-2% amid high oil prices


The price of oil approached the level of $ 54 per barrel of Brent, it supports the action of the oil industry with great weight in the Russian exchange indexes.

MOSCOW, 9 Oct. The MICEX index to 10.08 GMT Friday increased by 0.5% to 1,697 points, the RTS index — on 2% — up to 874 points, according to data of the Moscow exchange.

The price of oil is already close to the level of $ 54 per barrel of Brent, and it supports the promotion of oil industry with great weight in the Russian exchange indexes.

The ruble-denominated MICEX index grows weaker dollar-denominated RTS on the background of the continued strengthening of the ruble against the dollar.