The MICEX index fell below 1700 points on the background of the collapse of oil

Moscow. December 14. The MICEX index, one of the main Russian stock indices on Monday fell back below the psychological threshold of 1700 points, having updated a minimum from the end of October amid falling oil.

15:49 Moscow time, the MICEX index fell to 1699,91 points (-1.2%), RTS index has fallen to 753,5 points (at least 26 August, when the indicator was below 730 points), ruble prices of blue chips on the Moscow exchange fell within 5%.

The dollar grew to ruble 71,09 (+0.73 ruble).

The leaders of the rollback perform actions “Magnitogorsk metallurgical combine” (-5%), Sberbank (-1,8% -4,1% “prefs”), “Gazprom” (term and 1.9%), Bashneft (of -2.6%), Bank “URALSIB” (-5,8%).

Oil is cheaper on expectations of a further increase in the supply of raw materials on the world market (in January the supply of raw materials on the world market may resume Iran). Futures for Brent crude for February fell to $36,88 per barrel (-3.8 per cent), the price of WTI is $36,19 per barrel (and 2.8%) – the lowest levels since 2008-2009.