Bloomberg News

Rosneft Advances 1st Day in Three as Crude Jumps on EU Talks

November 02, 2011

(Updates closing share price in second paragraph.)

Nov. 2 (Bloomberg) -- OAO Rosneft, Russia’s biggest oil producer, rose for the first day in three after crude rallied on speculation European leaders will push Greece to accept their rescue plan.

The stock added 3.8 percent to 218.65 rubles by the close in Moscow.

Oil for December delivery climbed as much as 1.7 percent to $93.79 a barrel in New York, reversing an earlier decline of as much as 1.3 percent.

--Editor: Alex Nicholson

To contact the reporter on this story: Jason Corcoran at Jcorcoran13@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net


Hollywood Goes YouTube
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus