Russian Stocks Gain Most in 3 Weeks as Oil Rises on U.S. Economy

Russian stocks climbed by their most in more than three weeks as oil, the country’s main export revenue earner, climbed on better-than-expected U.S. and Chinese economic data.

The Micex Index of 30 shares jumped 1.8 percent to 1,550.05 by the close in Moscow, its biggest one-day gain since March 11. OAO Lukoil, Russia’s second-biggest oil producer, gained 2.7 percent. OAO Mechel, the coalmaker, increased 3.9 percent while OAO Sberbank, the nation’s largest lender, surged 2.9 percent.