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Russia’s Micex Index Heads for 11-Month Low as Oil Prices Fall

Russian stocks slid for a third day, heading for the lowest close in almost a year, as oil dropped on bets Libyan supplies of the commodity may rise.

The Micex Index fell 1.5 percent to 1,417.74 as of 11:04 a.m. in Moscow, a third day of declines. A close at that level would be the lowest since September 2010. OAO Rosneft and OAO Lukoil, Russia’s two largest oil producers, sank 1.3 percent and