Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Russia’s Biggest Oil Producers Advance on $105 Crude Oil

Feb. 20 (Bloomberg) -- OAO Rosneft and OAO Lukoil, Russia’s biggest oil producers, climbed more than 1 percent as crude oil rose to a nine-month high after Iran said it halted some exports.

Rosneft added as much as 1.2 percent before closing up 0.4 percent at 219.32 rubles by 6:45 p.m. in Moscow. Lukoil gained as much as 1.1 percent, its first advance in two days, and closed up 0.3 percent at 1,879.90 rubles.

Iran will supply crude to “new customers” instead of companies in the U.K. and France, the oil ministry’s news website, Shana, said, citing Alireza Nikzad Rahbar, a spokesman. Oil rose as much as 2.1 percent to $105.44 in New York.

To contact the reporter on this story: Alex Nicholson in Moscow at anicholson6@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.