Lukoil’s shares might keep falling
Brent oil price have gone up after the publication of the weekly report of the US Ministry of Energy and meanwhile the listing is slightly higher than $30/barrel. Crude oil reserves rose by 4 mln barrels while the market expected the growth by 2.9 mln barrel. Daily oil extraction also rose to the maximum since August 2015.
European indices of shares rose on the expectations of expansion of the existing program of EU economy stimulation by the Central Bank of Europe. Chinese indices are also rising on the expectations of the initiation of stimulation measures by the National Bank of China.
On Friday the focus will be on the PMI in Europe.
On Lukoil’s results one can see a “head-shoulders” pattern. According to the “head”, the company’s listing is likely to move towards 1,890 roubles/share.
