Oil Marketing Company Stocks Gain As Crude Oil Slumps

Subscribe to GoodReturns
For Quick Alerts
For Daily Alerts

    Shares in oil marketing companies rallied after crude oil prices slumped. An upgrade on stocks like HPCL and BPCL by a leading foreign broking firm, also pushed these stocks higher.

    Oil Marketing Company Stocks Gain As Crude Oil Slumps
    Hindustan Petroleum Corporation: Quotes, News
    BSE 227.40BSE Quote2.7 (1.19%)
    NSE 227.30NSE Quote2.15 (0.95%)
    Bharat Petroleum Corporation: Quotes, News
    BSE 343.85BSE Quote9 (2.62%)
    NSE 345.30NSE Quote10.4 (3.01%)
    BPCL was trading with gains of 3 per cent, while HPCL was trading with gains of 2 per cent. Crude oil prices slumped in trade after worries over Chinese consumption. Extremely high production in Saudi Arabia also kept a lid on prices.
    Brent Crude was trading at $55 a barrel on record Saudi output.

    Poor data from China also saw selling pressure in crude oil.


    Read more about: hpcl bpcl crude oil
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more