(Bloomberg) -- Russian oil stocks retreated, paced
by OAO Lukoil after Citigroup Inc. cut its recommendation and
price estimate on the shares. The brokerage also lowered its
share-price projections for five other Russian oil producers.
The ruble-denominated Micex Index lost 1.1 percent to
1602.9 at 1:12 p.m. in Moscow, as 25 stocks dropped and four
advanced. The dollar-denominated RTS Index slipped 0.3 percent
to 1824.10.
Read more at Bloomberg Emerging Markets News
by OAO Lukoil after Citigroup Inc. cut its recommendation and
price estimate on the shares. The brokerage also lowered its
share-price projections for five other Russian oil producers.
The ruble-denominated Micex Index lost 1.1 percent to
1602.9 at 1:12 p.m. in Moscow, as 25 stocks dropped and four
advanced. The dollar-denominated RTS Index slipped 0.3 percent
to 1824.10.
Read more at Bloomberg Emerging Markets News
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