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Shares of oil marketing companies fell as Brent crude hit over 2-year high. Hindustan Petroleum Corp Ltd, Bharat Petroleum Corp Ltd and Indian Oil Corporation Ltd fell as much as 2.10-2.90 per cent.
Brent crude oil prices jumped above $65 per barrel for first time since June 2015 after a shutdown of Forties North Sea pipeline knocked out significant supply.
Brent crude futures, the international benchmark for oil prices, were at $65.07 a barrel at 0211 GMT, up 37 cents, or 0.6 per cent from their last close. It was the first time Brent rose above $65 since June 2015.
Shares of Hindustan Petroleum posted biggest intraday percentage fall since November 10. Indian Oil Corporation has gained 24.4 per cent this year as of Monday's close.
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