— Investors are waiting for the publication of the results of the meetings Fed US and ECB, November PMI data in Europe.

— A meeting of ministers of countries will be held OPEC+.

— Quarterly results will be published by STG (Karmani) (11/20), Sovcomflot (20.11), Mechel.

— On November 21, Eurotrans shares will be added to the First Level of the list of securities admitted to trading on the Moscow Exchange.

Thanksgiving Day (US holiday 11/23) and Black Friday in the US (shortened trading).

Last week, Brent quotes dropped to $77 per barrel: the conflict in the Middle East reduces pressure on the market. But fundamentally, the market remains in deficit, this was confirmed by the reports of the IEA and OPEC.

Last week, the ruble strengthened to 90 per dollar, although at the moment the dollar fell below 88.6. It is unlikely that the Russian currency will continue to grow so rapidly from current levels. Consolidation at levels 89−90 is possible this week.

“This information is for informational purposes only and does not constitute an individual investment recommendation.”