The biggest exchange-traded fund tracking Russian stocks fell for a second day in New York amid concern that a recovery in oil prices is faltering, weighing on growth in the world’s largest energy exporter and halting a rally in the country’s assets. The Market Vectors Russia ETF slid 1.7 percent to $17.73 on Monday. Energy companies, which make up about 40 percent of the fund, tumbled as Brent crude extended losses in the wake of a third weekly retreat. A Bloomberg index of the most-traded Russian stocks on U.S. exchanges declined for a fourth day in five. Oil’s rebound from a six-year low has lost momentum amid speculation a global glut will be prolonged as U.S. drillers return rigs to fields and Iran seeks to regain market share. While U.S. and European sanctions had already been squeezing Russia’s $2 trillion economy, the outlook worsened as oil, the country’s top […]