IOC, HPCL, BPCL shares rise amid crude oil price drop
after close1 source ↓written by the desknot a recommendation
- on 30 September
- 3%
- oil prices fell
- 2.5%
- saw declines
- 1%
Shares of oil and gas companies, including Indian Oil Corporation, Hindustan Petroleum, and Bharat Petroleum, rose up to 3% on 30 September as crude oil prices fell 2.5%. This rally comes despite declining prices, attributed to increased Middle East supply following Saudi Arabia's resumed shipments. Meanwhile, upstream firms like ONGC and Oil India saw declines of 1% and 3%, respectively.
Not investment advice. For informational purposes only.