Comments
Shares of oil marketing companies such as Indian Oil Corp Ltd, Bharat Petroleum Corp Ltd and Hindustan Petroleum Corp Ltd rose as much as 2.4-3.2 per cent on lower crude oil prices.
Oil prices fell after industry data showed US stockpiles of crude unexpectedly rose, and as economic growth slowed, especially in Asia, amid the escalating trade dispute between the United States and China.
Brent futures dropped 28 cents, or 0.4 per cent, to $73.93 a barrel by 0634 GMT, adding to a 1.8 per cent loss in the previous session. US crude futures were down 41 cents, or 0.6 per cent, at $68.35 a barrel, having dropped nearly 2 per cent on Tuesday.
Hindustan Petroleum shares gained the most since June 26.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.