ONGC Shares Surge 6% As Crude Prices Jumped 8 percent In 3 Days

Shares of oil exploration company ONGC in early trade on November 25,2020 was the top gainer in trade with gains at now 6%. This is as the oil prices have jumped to eight month high on early launch of Covid 19 vaccine which has led to disruption in demand for the commodity worldwide, with new lockdowns being imposed in several parts of the world including India.

ONGC Shares Surge 6% As Crude Prices Jumped 8 percent In 3 Days

After reports came in third of the pharma company has shown success in its Covid 19 vaccine trial, but now in today's trade there is some softness in the crude price as reports have revealed that there is a surge in US stockpiles.

The contracts closed at their highest since early March on Tuesday, after a three-day rally pushed prices up around 8%.

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