Russian Stocks Rise Fifth Day on $95 Crude Oil, Greece Bailout

Jul. 04, 2011 10:50AM PST

Bloomberg reports that Russian stocks are up for the fifth day as crude oil rose to $95 a barrel.

The market news is quoted as saying,

The Micex Index of 30 stocks increased 0.5 percent to 1,706.12 by the 6:45 p.m. close in Moscow, extending its advances for the longest winning streak since January. OAO Rosneft, Russia’s biggest oil company, and OAO Tatneft, the crude producer based in the Tatarstan region, added 0.8 percent and 1.4 percent, respectively. OAO Magnit, Russia’s largest supermarket chain by market value, rose 1.1 percent. The dollar denominated RTS Index advanced 0.6 percent to 1,948.48.

For the complete market news, click here.