Source Pravda.Ru

Russian oil stocks still in demand

The Russian stock market opened without a deficit tendency today. Stockswere fluctuating amid a positive news background, however, experts forecastthat traders may start fixing their profits. Stocks of the oil giant LUKoiland the Surgutneftegaz oil and gas company saw a rise at the opening todayon high oil prices that still support demand for oil stocks. Meanwhile, USstock futures are traded below yesterday's closing levels, and oil pricesare expected to face a downward correction at the IPE today after a rallyobserved on the previous day. This may lead to a slight fall in prices onthe Russian stock market..