Oil – State-run Oil India Ltd. (BSE:533106) announced that together with Indian Oil Corporation Ltd. (BSE:530965) it has acquired 30 percent of Carrizo Oil & Gas Inc.'s (NASDAQ:CRZO) interest in about 60,000 net acres of Denver shale assets.
Crude Investing News reports oil prices sliding and peaking at various periods. Oil prices soared higher on the prospects of a rebound in energy demand. “The market thinks the worse is behind us and that we’re heading toward recovery at the end of the year, early next year,” Fitzpatrick said. Spreading worldwide recession has ravaged [...]
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