Moscow stock market recovering after heavy losses

Media In – Moscow 10 April 2018 WAM
The Moscow stock exchange began to recover today after falling to record highs yesterday.
The recovery of the Russian stock market was supported by the rise in oil prices in global markets, with the futures contract for Brent crude to $ 69.62 per barrel, an increase of 1.4% compared to the previous closing price as the West Texas crude futures rose to $ 64.31 per barrel, a rise of 1.4 %.
The Russian stock market suffered heavy losses yesterday, falling to its lowest level in four years as a result of the list of new US sanctions imposed on Moscow, which included 24 Russian personalities and 14 institutions and companies.