The Russian stock market managed to grow slightly on Tuesday, even despite the fall of Brent crude futures below $30 per barrel, according to Moscow Exchange's trading data
MOSCOW (Pakistan Point News / Sputnik - 14th April, 2020) The Russian stock market managed to grow slightly on Tuesday, even despite the fall of Brent crude futures below $30 per barrel, according to Moscow Exchange's trading data.
MOEX index closed up 0.11 percent at 2,631.83 points, while dollar-denominated RTS index was up 0.73 percent to 1,133.23 points.
By 15.59 GMT, the US Dollar on Moscow Exchange was down 46 kopecks to 73.15 rubles, the euro fell by 9 kopecks to 80.24 rubles.
June futures for Brent crude earlier touched $29.80 per barrel, lowest in more than a week, as traders doubt that OPEC+ efforts to reduce oil production will be enough to balance the market.
