Tuesday, December 6, 2016

As oil goes so goes Russia

With the recent agreement by OPEC to cut oil production in order to raise prices we can see that one of the beneficiaries is Russia. Russian stocks, as I said earlier this year, are some of the cheapest stocks in the world based on the cyclically adjusted p/e ratio.

If oil prices are in fact going to be heading higher we can also expect the Russian stock market to begin heading higher as oil has a heavy influence on the Russian market.

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