OMCs Gain On Crude Oil Price Fall To Levels Of $77/Barrel

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    OMC stocks in Wednesday's trade opened with a 4-5% gap up as brent crude oil price lowered below $ 77 per barrel. It is a 2- month low and as per experts the downward trend may continue.

    OMCs Gain On Crude Oil Price Fall To Levels Of $77/Barrel

    In yesterday's trade, the decline in crude oil price is to the extent of 4-4.5%. And these triggers, with the Saudi Arabia promising to up oil production on a daily basis have provided momentum to oil marketing companies.

    Rupee with this decline in crude oil price has gained strength and the domestic currency is trading at around 73.30.

    IOC gained with an intra-day high of Rs. 136 on the NSE, with a last quoted price of Rs. 133.80. BPCL reached an intra-day high of Rs. 284.40 and was last trading higher by 4.33% at Rs. 280.70 on the BSE. HPCL also gained in session by as much as over 4% to Rs. 228.60.

    Goodreturns.in

    Read more about: omc crude brent crude
    Story first published: Wednesday, October 24, 2018, 11:40 [IST]
    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