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Tatneft Jumps Most in More Than a Week as Oil Climbs in New York

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 gserkin@bloomberg.net

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