HPCL, BPCL to IOCL - oil PSU stocks dip as crude price jumps above $90/bbl
New Delhi, July 30 -- Oil-marketing companies (OMCs) stocks like Hindustan Petroleum Corp (HPCL), Bharat Petroleum Corporation (BPCL) and Indian Oil Corporation (IOC) fell nearly a percent in Thursday's trading session after global crude oil prices gained above $90 per barrel.
HPCL share price emerged as the top laggard, falling as much as 1% on NSE. Meanwhile, other PSU OMCs - BPCL and IOC shares also tanked less than a percent on Thursday.
PSU oil stocks remained under pressure after crude oil prices reversed their losses and turned higher during the intraday session.
Brent crude oil prices rose more than $1 per barrel on Thursday in a highly volatile trading session as investors weighed the impact of escalating U.S. military action ...
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