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Upstream industry rising to the top of ASX

FALLING oil prices may have hurt share prices in recent weeks, but 2008 will be remembered as the year the upstream oil and gas industry asserted a much greater influence on the Australian share market.

Upstream industry rising to the top of ASX

In its latest quarterly rebalance of Australian Securities Exchange indices, Standard & Poor's announced last week that Arrow Energy and Linc Energy had climbed into the ASX 100 index, effective 19 September....

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