MOSCOW, February 18. The stock indices of the Russian Federation ended the trading session higher. So, the MICEX index (MICEX) by the end of trading on the Moscow stock exchange rose by 2.08 per cent to 1807,21 points, and RTS – on 2,32% to 752,89 item.
On 18 February, the cost of futures for oil of mark Brent with delivery in April 2016 on the stock exchange ICE in London was up 2.6% to $35,39 per barrel, which became a major factor in the growth of Russian shares. However, by evening, the price of Brent lost his full height and dropped 0.1% to $34,48 per barrel.
The oil market continues to show very high volatility, is close to the historic, the analyst Nordea Bank Dmitry Savchenko.
“At best the outcome of the negotiations, the market receives the signal and the possibility to stabilize, while sustainable growth is unlikely. So, the overall situation is still controversial, the volatility continues, the market will continue to monitor the situation around the negotiations. The most likely short-term saving prices in the range of $32-36 per barrel of Brent,” he said.
16 February in the Qatari capital Doha, the Saudi Arabia, Qatar, Venezuela, included in OPEC and Russian energy Minister Alexander Novak expressed the readiness to save, on average, in 2016 oil production at the level of January of the current year, if other countries – oil producers will join this initiative.
On Wednesday in Tehran passed negotiations of Ministers of oil of Iran, Venezuela, Iraq and Qatar, who discussed the possibility of “freezing” the level of oil production. Following the talks, the Iranian oil Minister Bijan Namdar Zanganeh said that Iran would support any initiative to improve the situation with oil prices.
“After the confirmation of breakout of the MICEX index above 1800 points next target level for the MICEX index can be 1825 points, while the RTS index for the next target may well be 777 points, when rising oil price by 2%”, – says Director of the analytical Department of the IR “Golden Hills – Kapital AM” Mikhail Krylov.
Oil prices over 40 years