Oil Exploration Shares Surge As Crude Prices Rally

Posted By:
Subscribe to GoodReturns

Shares in oil exploration companies surged in trade after crude oil prices jumped a huge 4 per cent in the international markets.

Oil Exploration Shares Surge As Crude Prices Rally
BSE 285.4BSE Quote0 (0.00%)
NSE 285.35NSE Quote0 (0.00%)
Cairn India jumped 6 per cent and was last trading at Rs 147, while ONGC was trading with gains of 5 per cent in trade and Oil India was up 3 per cent.

Brent Crude jumped a huge 4 per cent after report that the GDP in the US grew at a faster pace than expected. Fresh measures in China to boost economic development also helped the recovery in crude oil.

Shares like Cairn India have recently fallen to 52-week lows on worries of economic growth and incrased supplies.


Read more about: cairn india, oil india, ongc
Story first published: Friday, August 28, 2015, 11:42 [IST]
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'


Get Latest News alerts from Goodreturns