Stocks of Cairn India increased over 3percent

Stocks of Cairn India increased over 3percent, hitting the 7 days a week higher of Rs297.65, as crude oil costs increased over 3percent on the Fresh York Mercantile Exchange on Fri, (Oct 14, 2011).

Higher crude oil costs will lead to higher realizations from crude sales for oil exploration companies like Cairn India. Crude oil futures for Nov delivery increased 3.05per cent or $2.57 a barrel to pay back at $86.80 a barrel on the Fresh York Mercantile Exchange on Fri, (Oct 14, 2011).

Oil extended profits in Asian electronic trade right now, (Oct 17, 2011). It was increase 30 cents, to $87.10 a barrel.

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