UBS Downgrades Oil Stocks: Big Trouble Ahead for IOC, BPCL, HPCL? India’s oil marketing companies are under pressure after a new warning from UBS. The global brokerage says even a $5 rise in crude oil prices could cut the profits of IOC, BPCL, and HPCL by nearly half if fuel prices remain unchanged. With crude already near multi-year highs and the rupee weakening, the outlook for these PSU oil giants looks uncertain. UBS has also downgraded ratings and slashed target prices. What does this mean for oil stocks and investors? Watch the full video to understand the complete story.