About: http://data.cimple.eu/news-article/4ac7fe7224430aabe36d3478bf8c52de587b4b0e0acb7c0c5208e459

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About: http://data.cimple.eu/news-article/4ac7fe7224430aabe36d3478bf8c52de587b4b0e0acb7c0c5208e459 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	Russia's RTS stock index dived more than 10 percent on opening Tuesday after a public holiday, following a crash in oil prices that saw the ruble and global markets post massive losses. The dollar-denominated RTS index fell 16 percent on opening before rallying slightly to be around 13 percent down at 0815 GMT. The ruble-denominated Moex fell 10.4 percent on opening before recovering slightly to show a loss of 8.5 percent. The Russian ruble tumbled in value Monday to trade at 75 to the US dollar, a rate last seen in early 2016. On Tuesday, it rose slightly and was trading at around 72 to the dollar and 82 to the euro. The markets sold off after Russia on Friday failed to come to a deal with oil-export cartel OPEC on further reducing output by 1.5 million barrels per day. Shares in Russian oil and gas companies, particularly Rosneft, fell sharply on Russian stock markets on Tuesday, following the lead of their peers overseas. Rosneft CEO Igor Sechin, a close ally of President Vladimir Putin's, had long argued the cutback agreement with OPEC was hurting Russia's interests and benefitting shale producers in the United States. OPEC had urged the cut due to a slump in demand linked to the global coronavirus outbreak. This signalled the disintegration of an alliance between OPEC and Russia, a non-OPEC member and the world's second-biggest oil producer that had sought to control supply to support prices. Saudi Arabia responded on Sunday with the biggest cut in its prices of the past 20 years in a bid to win market share. This sent oil prices crashing, registering the single biggest one-day loss in three decades on Monday. The Russian Central Bank and the finance ministry on Monday quickly announced measures aimed at stabilising the ruble to ensure financial stability. Oil stocks in the energy-rich Gulf states rebounded strongly on Tuesday, with the Saudi bourse jumping 5.6 percent. apo-am/ma/bmm
schema:headline	Russian stock exchange down more than 10% on opening
schema:mentions	Central Bank of Russia Russian ruble OPEC Public holiday United States dollar President of Russia Saudi Arabia Chief executive officer Russia Vladimir Putin United States Severe acute respiratory syndrome coronavirus 2 Russian Trading System Igor Sechin Rosneft Tight oil Greenwich Mean Time
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-03-10 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	67 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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