Oil prices touch $55
London: World oil prices marched towards $55 on Friday on worries about low stocks of US heating fuel and tight crude supplies amid strong demand in key markets ahead of the northern hemisphere winter.

The price of reference light sweet crude for delivery in December climbed by 12 cents to $54.59 a barrel in electronic trading on the New York Mercantile Exchange. In London Brent North sea crude oil for December delivery increased by 27 cents to $50.99 in electronic deals on Friday.
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Congo woos Indian investment
New Delhi: Democratic Republic of Congo's ambassador to India Balummene Francois has urged Indian investors to reap the multiple investments and business benefits that Congo was providing, and explore the entire Africa from the centrally-located country.

Congo constitutes a supplying point in raw materials and offers numerous opportunities to foreign investors, he added.

Important economic decisions like liberalisation of the economy, adoption of a floating exchange rate regime, promulgation of an interesting investment code, a mining code, a forester code, a labour law, reduction of the internal tax rate, co-operation revival with the international financial institutions, structural changes have provided a congenial investment and business environment in Congo in recent times, the ambassador said.

The potential sectors for investors include hydrocarbons and mines comprising diamond, gold, copper, tin, bauxite, iron ore, etc. Apart from this, agriculture, forestry and timber processing, paper production, cattle breeding and fishing; manufacturing industries, food processing, textile and leather, etc also had potential.
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