Oil prices vaulted 9 per cent in NY Thursday, in tandem with a powerful stocks rally, as investors cheered G20 agreements to combat the global downturn and an easing of US accounting rules. On Friday, oil prices settled above $52 a barrel, slightly lower on the day after a report that US unemployment in March soared to a 25-year high. But optimism that the economy will soon turn around curtailed losses.
In a boost to ONGC Videsh’s bid to buyout Imperial Energy, Russia said it will not set any pre-condition like a stake for its state-run firms in exchange for giving approval to the acquisition. For full story, click here
In a boost to ONGC Videsh’s bid to buyout Imperial Energy, Russia said it will not set any pre-condition like a stake for its state-run firms in exchange for giving approval to the acquisition. For full story, click here
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