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Sensex 76,863.71 -1.72% ↓ Nifty 23,850.60 -1.69% ↓ 22k Gold ₹ 14,970/gm Silver ₹ 2,90,000/kg Petrol ₹ 103.54 Diesel ₹ 90.03 Crude Oil $ 91.09 USD ₹ 92.02
Sensex 76,863.71 -1.72% ↓ Nifty 23,850.60 -1.69% ↓ 22k Gold ₹ 14,970/gm Silver ₹ 2,90,000/kg Petrol ₹ 103.54 Diesel ₹ 90.03 Crude Oil $ 91.09 USD ₹ 92.02
Home News Business
Oil Marketing Company Stocks Gain As Crude Oil Slumps
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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.

stocks
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.

GoodReturns.in

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Story first published: Tuesday, March 24, 2015, 13:07 [IST]
See More On: hpcl, bpcl, crude oil

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