MARKETS

High oil prices, dry wells, hit stocks

It has been a fairly gloomy week on the bourse. The high oil prices caused the markets to retreat and though the negative sentiment was driven by the high oil prices, the energy stocks were dragged down also.

Brendan Egan

Continuing their run of bad luck were the Beibu Gulf partners, ROC, FAR, Petsec and Horizon, who posted their second dry hole from three wells. FAR and Horizon have had their market caps halved by the...

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