India, Oct. 6 -- Normally when crude trades this high, oil producers get a nice lift in their share prices, since they sell the stuff at better rates. This time the market hasn't played along. A war in West Asia has been messing with global supply for months, and investors seem more worried about what's next than happy about what's here right now.

Oil and Natural Gas Corporation shares closed at Rs225.50, up Rs2.80 or 1.26% from the previous close of Rs222.70. The 52-week low is Rs220.65, so the stock is hovering just a touch above it, and it's about 27% below its 52-week high of Rs307.50. Market cap stands at around Rs2,83,685 crore, with a consolidated P/E of 6.33.

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