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RTS Futures Climb on Oil as Exchange Brews IPO: Russia Overnight

A rally in crude oil stoked gains in Russian stock futures as the Moscow Exchange prepared to sell shares in what is being targeted as the biggest initial public offering on the nation’s bourse since 2007.

Futures expiring in March on the dollar-denominated RTS Index rose 0.3 percent to 158,850 in U.S. hours and the ruble extended an advance against the dollar-euro basket. The Bloomberg Russia-US Equity Index of the most-traded Russian stocks in the U.S. fell for the first time in three days. American depositary receipts of OAO GMK Norilsk Nickel slumped to an eight-week low.