Mumbai/IBNS, June 25 -- Crude oil-linked stocks traded higher on Thursday as global oil prices declined following easing geopolitical tensions after the reported US-Iran peace deal, media reports said.

Oil Marketing Companies (OMCs) emerged among the key beneficiaries as crude prices retreated to pre-conflict levels, raising expectations of improved marketing margins.

OMC stocks trade in green

Hindustan Petroleum Corporation Ltd. (HPCL): Up 0.82% Bharat Petroleum Corporation Ltd. (BPCL): Up 0.43% Indian Oil Corporation Ltd. (IOC): Up 0.23%

The decline in crude oil prices is generally viewed as positive for OMCs, as lower input costs can help improve profitability and ease pressure on fuel marketing margins.

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