OMC stocks: Brent slips below $90 to hit over 2-month low amid Iran peace hopes; Will HPCL, BPCL and IOC benefit?
New Delhi, Nov. 10 -- Shares of oil marketing companies (OMCs) are likely to be on investors' radar when the Indian stock market resumes regular trading on Wednesday, November 11, as international crude oil prices have fallen to a three-month low amid diplomatic efforts to end the Middle East conflict.
Brent crude fell towards $90 per barrel on Tuesday, extending losses from the previous session and touching its lowest level since late August. The decline came after US President Donald Trump played down the prospect of additional military action against Iran, easing fears of prolonged supply disruptions in the Middle East. The possibility of a global supply glut also remained in focus.
Traders are assessing whether a potential breakthro...
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