LINK PARTNER
Global oil prices have risen after recovering some ground after Wednesday's big falls.
US light crude was up 45 cents to $63.80 a barrel, while in London, Brent was ahead by 90 cents to $67.43.
The gains came after US light crude slumped $3.88, or almost 6%, on Wednesday due to data showing a large rise in US oil stockpiles.
Analysts said some of the rebound was expected, helped by rises on the global stock markets.
With Japan's Nikkei ending up 0.5%, and the UK's FTSE ahead by 1.4% in late morning trading, these gains helped restore investor confidence in future oil demand.
In July last year, the price of oil peaked at around $147 a barrel, before falling back to close to $30 at the start of 2009 due to the impact of the global recession.
Oil prices have recovered to around $60 since then, but volatility remains.
LINK
MUMBAI: Buoyed by a good set of corporate earnings, the Sensex on Thursday closed 214.50 points higher than its last closing figure. The 30-scrip benchmark index of the Bombay Stock Exchange (BSE), which opened lower at 15,169.23 points, shut shop at 15387.96 points -- 214.50 points or 1.41% higher than Wednesday's closing figure.
Similarly, the S&P CNX Nifty of the National Stock Exchange (NSE) closed in the positive terrain, 1.28% up at 4571.45 points.
Broader market indices also ended in the green with the BSE midcap index ending 0.61% higher and the BSE smallcap index moving up 0.76%.
LINK
