Aug. 1 (Bloomberg) -- OAO Tatneft, the oil producer located in Russia’s Tatarstan region, headed for its biggest increase in more than a week as crude advanced from a two-week low in New York.
The company’s shares rose 1.9 percent to 188.31 rubles by 1:21 p.m. in Moscow, poised for the biggest gain since July 20.
Crude for September delivery increased as much as $1.85 to $97.55 a barrel in New York.
To contact the reporter on this story: Jason Corcoran at Jcorcoran13@bloomberg.net
To contact the editor responsible for this story: Gavin Serkin at firstname.lastname@example.org