The MICEX index declined amid falling oil prices, which amounted to 28 dollars per barrel after Monday were lifted economic sanctions against Iran.
MOSCOW, 18 Jan. The MICEX index again (after last week) fell below the round level of 1600 points on the background of weak dynamics of the oil market after the lifting of sanctions with Iran.
To 10.34 GMT on Monday he was down 0.6% to 1598 points, RTS index — on 2,1% — to 640 points, according to data of the Moscow exchange.
A major factor in weak performance of the stock market of the Russian Federation was the reduction of the oil market in the neighborhood of $ 28 per barrel of Brent after the withdrawal on Saturday of sanctions against Iran by the EU and the USA.
By 10.30 Moscow time the price of oil tried to stabilize a little above 28 dollars for Brent oil, though it has dropped today below this round level for the first time in several years.
Bidders are afraid to market to 1 million barrels per day of Iranian oil and play down. However, part of this volume even before the lifting of sanctions was available on the black market and to some extent already affected the balance of supply and demand and, accordingly, the price of black gold, experts say.