Oil quotes may rise to $105 per barrel at auction on Monday, Sber CIB analysts wrote.

„On Monday morning, Brent oil futures rose to $103 a barrel due to the weakening dollar. Market participants believe that Saudi Arabia is unlikely to quickly increase production, despite US statements that such agreements have been reached. In our opinion, during the day, the price of oil could rise to $105 per barrel as the dollar continues to weaken,” Sberbank experts write.

The strengthening of the ruble against the US dollar is likely to accelerate, as exporters will face tax and dividend payments of 1.7 trillion rubles next week. On Monday, the ruble may consolidate below 57 rubles/$1, Sberbank believes.

Economists also predict that OFZ yields in the short-term segment will continue their gradual decline on Monday.