BLBG:Gazprom Neft Falls Most in a Week as Crude Drops Below $90
OAO Gazprom Neft, a Russian oil producer, slipped the most in more than a week as crude dropped below $90 a barrel in New York.
The shares fell as much as 2.1 percent, their biggest intraday drop since June 17, and last traded 0.8 percent lower at 125.2 rubles by 1:01 p.m. in Moscow.
Crude for August delivery fell as much as $1.34 to $89.82 a barrel on concern the economic expansion in the U.S. is slowing and as the International Energy Agency said it’s prepared to release more stockpiles to stabilize prices.
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To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net
