New Delhi, March 12 -- Shares of oil marketing companies (OMCs) fell up to 3% in Thursday's trading session after crude oil prices once again jumped to $100 per barrel amid ongoing US-Iran war.
Hindustan Petroleum Corporation (HPCL) was the worst performer among the pack, with its share price declining more than 2.75% to Rs.373.70. It was followed by Indian Oil Corporation (IOC), which slipped 2.33%, and Bharat Petroleum Corporation Limited (BPCL) stock fell 1.31% on Thursday.
All three OMC stocks - HPCL, IOC and BPCL - have fallen between 11% to 15% in the last one month.
Oil prices surged more than 10% on Thursday, with Brent crude surging to the $100-per-barrel level, as traders doubted that the release of government reserves would ...
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