Lukoil is close to crisis

One of the world's largest oil companies has lately demonstrated a quite negative economic performance. One of the key points was the fact, that Lukoil's profit decreased by 2.5 times, according to the third quarter of this year, caused by the almost double fall in oil prices.

But at this moment, the crisis in relations between Russia and Turkey doesn't add optimism to Lukoil, as there is a fairly high risk of the introduction of economic sanctions against Turkey. This is a very severe economic blow for Lukoil, which percentage in the Turkish oil market is 7%.

The value of Lukoil shares has already decreased by 2.6%. Do not miss this great opportunity to earn money on a further fall. Trading will be available during the European session from 6:30 to 14:30 GMT time.

The news is only for informational purposes and cannot be construed as an offer or indication of the commission of certain transactions in the financial and commodity markets.