Lukoil’s shares look likely to fall
Edited by Rhod Mackenzie / 2015-01-12 11:50:51
We expect a negative start of the new trading week. Pressure on the index may reduce the prices of Brent crude oil below $50 per barrel. Also inverters will take a lead from the decision of the rating agency Fitch, which was adopted on Friday, to downgrade the sovereign rating of the Russian Federation from BBB to BBB- with negative outlook. The decline in the oil prices increases the risks of the budget revenues reduction.
