Indian Oil Stocks Split as Crude Prices Rise

  Published 1 year ago

Indian upstream oil shares rise as refiners fall on higher crude prices due to US-Iran tensions.

  • ONGC up 2%, Oil India 3% as higher crude boosts upstream revenue.
  • Refiners IOC, BPCL, HPCL drop 2.3%-4% from increased oil costs.
  • YTD gains: ONGC 3.4%, Oil India 8%; refiners BPCL, IOC up 10%, 4%.

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