Share prices of ONGC rose 3.7 percent

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Thu, Nov 20, 2008
Oil Market News
Post by Mike Rodger, Oil Reporter

Share prices of ONGC rose 24 rupees, or 3.7 percent, to 675.10. India’s biggest explorer said oil will return to $100 a barrel, justifying its 1.4 billion-pound ($2.1 billion) takeover of the U.K.’s Imperial Energy Plc.

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