Riding oil prices which have quietly moved to the highest since the spring, Russian shares (RSX)...

|By:, SA News Editor

Riding oil prices which have quietly moved to the highest since the spring, Russian shares (RSX) gain again, the Micex hitting a 3-month high. The Micex trades like an oil major, boasting a PE ratio of just 5.4X vs. a 10X multiple for the MSCI Emerging Markets Index (EEM).